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kgiap123

EL is breaking out

Long
Estee Lauder Companies, Inc. (The) (NYSE:EL)  
kgiap123 Updated   
NYSE:EL   Estee Lauder Companies, Inc. (The)
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
+Breakout Buy
+Price managed to close 31 Oct gap down.
+Price bounce above EMA20/EMA50 and stay above EMA200
=EMA20 attempting to cross above EMA50
-Bull Force Index turned +ve, however, volume are below average.

SL 178
TP1 = 201
TP2 = 207
TP3 = 218
TP4 =224
Comment:
TP2 207 Hit (peak of Sep 2019)
Next target 218 - (Monitor price action at 208)
Trade closed: stop reached
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