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TradeWithParas
Jan 23, 2024 1:59 PM

ELF potential Buy setup Long

e.l.f. Beauty, Inc.NYSE

Description

Reasons for bullish bias:
- Price moving in strong bull trend, if the price crosses 165.72 level, it will further confirm our analysis
- basic DOW theory, safe play with trend

Entry Level(buy stop) :165.72
Stop Loss Level: 141.43
Take Profit Level 1: 190.01

Trade closed: target reached

Apr 3: Trade closed at BE
Feb 26: TP1 hit, moved SL to BE
Feb 2: Trade triggered
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