jangseohee
Short

Is the MLM Pyramid selling scandal over yet? Was it coincidence?

NYSE:NUS   NU SKIN ENTERPRISES INC
103 10 1
Nu Skin has been known as Multi-Level Marketing company especially in APAC region, that's a indisputable fact.
Technically, the price has just accelerated and deviated away from the proper uptrend channel and hit the resistance in Jan 2014.
"Coincidentally in technical sense", China launched this lawsuit and scared the hell out of investor.

Klinger Oscillator and Force Index are showing a short term bullish divergence .

First major support is around 37. I look closely at this level to sell a weekly or monthly put options
Failing to hold means around 28 for another support. Beyond this price mean redemption only at around 17.00
this could be a busted HS
we have potential hidden and bullish both in play
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that green candle low is my SL
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daily doesnt look good
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could this be busted HS?
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Reply
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too many upside gap to be filled
do i still want to short anticipating a right top shoulder?
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