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demyanchuk
Aug 12, 2016 1:16 PM

LAUDER ESTEE COS INC: The beginning of trend reversal? Long

Estee Lauder Companies, Inc. (The)NYSE

Description

Signals:
1-breakout of inclined long-term support
2-formation of local bearish movement
3-double top with oncoming realization

Sell 91.89-91.50 (the breakout of double top neck)
Stop 94.28 (+1 tic of double top high price)
Target 85.00 (Elliots' waves+strong supporting price)
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