Capri Holdings in a descending triangle

06 May 2022 124
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Capri Holdings stock price has been moving in a descending triangle since early March. The support was formed around the level of 45. Now the price is near the support level and intends to break it, which may encourage traders to enter short positions and aggressively push the stock price even lower. However, with a bounce from the support line, a breakdown of the downtrend line and a return to 49 may happen. We will keep an eye on how the situation develops. 

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