Incoming 200% gain for Nu Skin Enterprises ??

Aug 9, 2024

On the above 6 day chart price action has corrected 80% since January 2021. A number of reasons now exist for a long position.

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence.

3) Support and resistance. Look left. Price action is on legacy support. See monthly chart below.

4) No share splits.

5) Market structure broke around 30 and has never been tested. That is a 200% rally until resistance.

Is it possible price action continues to correct? Sure
Is it probable? No

Ww

Type: trade
Risk: 2-3%
Timeframe for long: weeks
Return: 200%

Monthly chart

Aug 13, 2024

Trade active

on support

Dec 4, 2024

Note

support confirmed. Back up the truck...

Feb 13

Note

Did you back up the truck?

Feb 13

Note

"We were pleased to beat our fourth quarter revenue guidance, generate sequential revenue growth and exceed our adjusted earnings as we materially completed our restructuring plan," said Ryan Napierski, Nu Skin president and CEO. "As we look ahead to 2025, we anticipate improving business trends and a return to year-over-year growth in several of our markets but also anticipate continued economic challenges and poor consumer sentiment, particularly in Greater China and South Korea.