Get started
autemox

EL short: mean reversion to monthly trendline

Short
Estee Lauder Companies, Inc. (The) (NYSE:EL)  
autemox Updated   
NYSE:EL   Estee Lauder Companies, Inc. (The)
Trend Analysis EL Trend Line Break parabolic
1
0
trendanalysis el trendlinebreak parabolic
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.
Comment:
Trade should be taken tomorrow morning if new lows are made vs yesterday.
Comment:
No new low made / trade cancelled for now
Comment:
glad we didn't take that trade, new ATH today
Comment:
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.