EL has fallen more than 60% from its peak in Dec 2021. It's latest financial figures reveal a reduction in revenue and profitability. As a market leader in the personal care industry, it is also facing more and more small independent brands that continue to erode its market shares.
The chart shows it has reached a critical support level at 153.20 but I think it is likely to revisit the next support level at 126.23. Let's see how it goes in a few months time.
The chart shows it has reached a critical support level at 153.20 but I think it is likely to revisit the next support level at 126.23. Let's see how it goes in a few months time.
Comment:
Let the price falls to the 2019 low before deciding to accumulate
Comment:
Now it has come to the price I want ,may nibble some soon
Comment:
resistance at 159 price level proves to be too strong for it to break above so it will hoover around the support level at 126.23 price level for a while.....