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jaxdog

$EL Upgraded – Bottom Fishing Reversal

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Estee Lauder Companies, Inc. (The) (NYSE:EL)  
jaxdog Uppdaterad   
NYSE:EL   Estee Lauder Companies, Inc. (The)
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EL I bought a ¼ size position yesterday, June 14, and added again this morning on follow through. Now ½ sized. It recaptured it’s 21 EMA yesterday and just barely had a Pocket Pivot. I have a tight stop on this as it’s way below the 50 DMA and the 40 Week MA. If you like bottom fishing, you might want to look at this one. Oh, and they also say they are working on an anti-aging cosmetic… but who isn’t?

Ideas, not investing / trading advice.
Trade stängt manuellt:
I added on jun 16 to bring up to 1/2 size position then closed it all out on jun 28 for a very small loss (total $4). Stll on my watchlist for a new trade. It just wasn't ready. And as a bottom fishing trade I gave it no room as is my style.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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