autemox

EL short: mean reversion to monthly trendline

Kort
autemox Uppdaterad   
NYSE:EL   Estee Lauder Companies, Inc. (The)
EL has broken out of monthly trendline and formed a new steeper trendline. The steeper trendline has broken downward and monthly trendline will be re-tested.
Kommentera:
Trade should be taken tomorrow morning if new lows are made vs yesterday.
Kommentera:
No new low made / trade cancelled for now
Kommentera:
glad we didn't take that trade, new ATH today
Kommentera:
6/18 daily bear div completed and weekly bear div on progress. Should have seen that 6/18 bear div it could have been a short opportunity. Now we should watch for a H&S forming with neckline around 147.6, could be a short opportunity.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.