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MarathonToMoon
Sep 28, 2023 10:23 PM

EL: Support and resistance. Long

Estee Lauder Companies, Inc. (The)NYSE

Description

Looks like downturn is due to earnings.
Nov 1st 2023 we have a new earning.
Before earning, stock is at major support, last time it dipped to this price was in 2020 due to COVID.
Also there is a gap fill at high price($~230), which can happen if the earnings go really well.
$140 is a good price to buy for long term.
If $138 fails then $122 and $112 are possible.

Happy trading/Investing.

Comment

Oh god, it's not done yet.
122 or gap fill below?

Order cancelled

$112 it is.
May take long time to recover from here.
Comments
eljay2121
its not taking long to recover, I purchased a lot at $120 thanks to this chart... and this dividend... oooo baby
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