Tapestry Inc

TPR has decisively broken key support and trades below all short- and intermediate-term EMAs, confirming downtrend. Medium- and short-term biases are bearish, favoring immediate sell-side participation. Price is extended below the EMA cluster with no exhaustion signals; focus on selling rallies toward the 9/20 EMA zone.

• ↑Q4 net sales $1.88B (+9% YoY), adjusted EPS $1.32 beat expectations
• ↑Coach segment sales rose 15% in Q4; Greater China up 30%
• ↓Shares trade ~40% above GF fair value, risking market correction