Here is a review of my stopped out trade review on 
ELF with a 1:3 risk to reward thesis.
Bearish
Fundamental
- High PE
- Negative PEG
- Negative P/ FCF
- One must note beauty and cosmetic related products are always top of the chart in the online business / Lazada / Shopee
Technical
- Price broke down 2 years upward trend line with a long wick rejected
- Momentum theory indicator was seen under the water
- Price further broke down forming a M top / channel
Entry idea
- Entry idea was based on few confluences
- Rejection / retest of the trend line
- Rejection on 0.5 fibo
- Price below 200 MA
Stop loss set on 0.786 fibo level which within 1% of my trading capital and got stopped out.
Trading performance should always be based on how well you trade on the outcome of a single trade.
Cheers and happy weekend to all traders!
ELF with a 1:3 risk to reward thesis.Bearish
Fundamental
- High PE
- Negative PEG
- Negative P/ FCF
- One must note beauty and cosmetic related products are always top of the chart in the online business / Lazada / Shopee
Technical
- Price broke down 2 years upward trend line with a long wick rejected
- Momentum theory indicator was seen under the water
- Price further broke down forming a M top / channel
Entry idea
- Entry idea was based on few confluences
- Rejection / retest of the trend line
- Rejection on 0.5 fibo
- Price below 200 MA
Stop loss set on 0.786 fibo level which within 1% of my trading capital and got stopped out.
Trading performance should always be based on how well you trade on the outcome of a single trade.
Cheers and happy weekend to all traders!
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.