Victorias Secret Co. (VSCO) stock advanced in its latest intraday trading, preparing to test the key resistance level of 23.80. The stock is supported by continued trading above its previous 50-day SMA, while the short-term corrective bullish trend remains in control with trading along an upward slope line. In addition, we notice the beginning of a positive divergence in the Stochastic indicators after reaching excessively oversold levels relative to the price movement, with a positive crossover also starting to appear.

Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance of 23.80, to then target its next resistance at 30.00.

Todays price forecast: Bullish.