Elf - not looking pretty
A breakdown of the neckline confirmed the head & shoulders pattern on this stock. Elf Beauty is not looking very pretty here post earnings. My short was activated at loss of support at $97.94. There is a potential support at $63.88. If we get a bounce here, I may close 50% of my position. I expect the final target of $43 to be reached at some point. The RSI is heading down, I also expect a complete reset.
The Grand Supercycle has peaked with a classic double top and head and shoulders pattern. Be careful buying the dip if you believe in this company, this is a powerful downtrend. We also shorted Celsius using similar TA.
Not financial advice, do what's best for you.
The Grand Supercycle has peaked with a classic double top and head and shoulders pattern. Be careful buying the dip if you believe in this company, this is a powerful downtrend. We also shorted Celsius using similar TA.
Not financial advice, do what's best for you.
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Bounced exactly at $63 support, good reaction so far. Closed 50% of my short, using trailing stop losses for the remainder. Bulls appear to be stepping in, will they absorb the selling pressure? Let's see
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.
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.