NYSE:EL   Estee Lauder Companies, Inc. (The)
Price seems to be trading just above the 9ema, with the 142.63 level broken twice but did not close above suggesting that buyers are probing the area above. Possibility of a higher low sequence developing before strong move up to test T/P level (potential breakout). Keeping S/L wide, considering developments on the trade front.
Trade closed manually:
Closed trade around 138.20. Market seems to be dominated by strong selling momentum; came out of the trade with a minor loss, will re-evaluate the price action for potential opportunity.
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