RH shares break technical resistance amid tariff delay

18 days ago

"Yeah, I mean NEO has definitely been one of those shares that's been hugely volatile all year. We were talking about RH used to be Restoration Hardware I guess with uh Natalia earlier and that's been a mover because of Donald Trump. Actually it's been a mover because of Donald Trump and RH shares are up by almost double digits. It's really gaining after a tariff delay. Shares are trading above a 200 DMA for the first time since March DMA as in moving day average. And if you look at all the technical analysis, the Fibonacci in January high to March low, it's around $22. But RH I was trying to Google it because I've been to an RH rooftop in um Chelsea. They have a nice restaurant and I was looking whether they're connected and I think they are, but it's interesting to see um furniture retailers really um doing well, but they really have to also diversify their sourcing ahead of the tariffs. um this year and next in 2027."

The speaker provides detailed commentary on RH (Restoration Hardware) shares highlighting a technical breakout above the 200 DMA and a key Fibonacci support level at $22 after a tariff delay. The discussion underscores both the strong price action and potential sourcing risks for the furniture retailer.

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