ROST has been unable to breakout the above resistance line even after trying several times. It means bulls are not ready for the next big rally yet . In fact, the channel tells us that neither bulls nor bears are able to control the direction of this stock.
Any catalyst like earnings, analyst upgrade, company news or may be a gap up could help the stock break out in either direction. If it breaks above 73.62, it could see prices in mid 80’s whereas a break below 63.50 could see prices in mid 50’s.