ElliotWaveTrades
Long

NUS: Ever Used Nuskin Product? Product Or Stock, Which Do U Like

NYSE:NUS   NU SKIN ENTERPRISES INC
NUS underwent a brutal selloff from its 2014 high of $140+ all the way down to $23+ which bottom in 2016.
Prices have since recovered to about half of its all time high.
From a technical perspective, this recovery does not appear to be complete.
A price target between $80-90 appears to reasonable at this point in time.
Once Minor Wave C is completed, I am expecting Nuskin to plunge to all time lows.

A break of $46.35 from current price could imply the following:
(1) A more complex correction Wave B is forming before Minor Wave C starts (preferred alternate count)
(2) Minor Wave C is completed and prices are expected to plunge to all time lows

Jan 24
Comment: Prices are advancing well nicely with the support of its 20MA.
Watch prices as close in on the underside of the 50% Fibonacci channel (diagonal red line) and 50% Fibonacci retracement level.

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