autemox

EL short: mean reversion to monthly trendline

Singkat
autemox Telah dikemas kini   
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.
Komen:
Trade should be taken tomorrow morning if new lows are made vs yesterday.
Komen:
No new low made / trade cancelled for now
Komen:
glad we didn't take that trade, new ATH today
Komen:
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.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.