Similar channels can be seen on chart Similar points also can be seen in green circles Using this comparison we can expect a rise coming on the latest channel. Bullish above the dominant trend line in white.
So far I see a decent H&S Pattern on Symbol NUS so it could be a great opportunity for a trend reversal. Not Financial advise just my opinion Trade at your own risk. I will update this as it develops and hopefully continues in bullish pattern. Please feel free to comment and share Ideas.
I used PVSRA to spot the accumulation (see the colored candles) with notable volume that you can see at the volume bar. I see a great chance for this stock to go up until the next earnings announcement. It is going long the trend line very well on the weekly chart too. NUS (weekly) EP = 48.84 ATR = 4.66 1.5ATR = 6.99 SL = 41.85 TP1 = 53.5 TP2 = 58.16
NUS has made a bearish move recently, with the formation of a possible descending scallop (looks a bit off) and support on the uptrend, price looks ready to move up. Included Fibonacci retracement levels. Weekly chart.