PVH Corp (PVH) stock dipped slightly in its latest intraday trading, as it attempts to gather positive momentum that could aid in recovery and a return higher. The short-term corrective uptrend remains intact, supported by dynamic backing from continued trading above the 50-day SMA. Additionally, a positive divergence has started to form on the RSI after previously reaching heavily oversold levels compared to price action, with fresh positive signals beginning to emerge.

Therefore, we expect the stock to rise in its upcoming trading, as long as support at 79.00 holds, to target the key resistance level of 89.30.

Todays price forecast: Bullish.