Greetings, traders! Today, I am thrilled to present a compelling long trade opportunity that revolves around a fair value gap at $181.41. This trade aims to capture potential upward momentum, with a specific target set at buyside liquidity, offering an attractive risk-reward ratio. Based on thorough analysis, I have identified an opportune entry point at fair...
Estee Lauder produced another disappointing result for the quarter – organic net sales shrank 8% while net sales (incl. FX) decreased 12%. EPS came in at 0.43c. China is given as the reason for the company’s subpar results, but delving into the results deeper it looks to be actually Europe, The Middle East and Africa which are showing weakness – net sales fell...
Looking long into earnings via call debit spreads or put credit spreads. The 5/19 240P had some action Friday; traded 985x 5.80ish a contract, looked like a roll up from the 220's, same expiration more juicy premium $$; break even/if assigned, long at HKEX:234 , or prior support level. Daily chart with inverse head and shoulders setup. Goldman wrote a piece on...
The 200DMA is 244.57. If EL breaks and holds, could be a promising trade.
Three factors for good trade management Knowing when to make your move is key to being a successful and profitable trader. Here are three things you need to handle to keep on track: 1. Know the probability of the trade Make sure you know whether your trade is low or high probability and whether it’s against the trend or with it. If a trader goes long in a...
It is essential to look at volume when analyzing the charts. Volume equates to activity: it is either the number of contracts placed to the market during the duration of the bar (in the case of exchange volume ) or the number of price changes during the duration of the bar (in the case of tick volume) It shows when and how the professionals (or as they are...
Read latest article here Weekly chart looks good. It is now back to the support level at 224.07 with a bullish candle and I expect that prices to continue rally and breaks out of the bearish channel soon.
The PEAD projected a Bearish outlook for $EL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 12.5%.
THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position. EL is in a rising wedge for some time and did find resistance in this area which was supported in April 2022 and then several times the resistance in the rest of the year. A breakdown from a bearish pattern would trigger a short position....
The Estee Lauder Companies Inc. manufactures and markets a wide range of skin care, makeup, fragrance, and hair care products. The Company is the second largest in the sector after L'Oreal and its products are sold in countries and territories around the world. The Estee Lauder stock is going to buy Tom Ford and IMO its stock can rocket up to $273 and more. My...
EL is weak/bearish fundamental stock therefore would be traded only on the short side. EL daily - is in rising wedge formation which is one the most bearish pattern. At the moment the price is basing above all major MA which is bullish with decreasing volume. On the other side, the price is at the resistance block which is more bearish than bullish. RSI is...
EL formed a bullish divergence on the monthly chart after capitulating on 3 Nov. It then began a "recovery" where there were several attempts to break a resistence zone (228 - 231.5), and finally breaking above on 18 Nov. Alas this proved to be a fake break as it went back below the neckline, eventually finding support only at the 61.8% fibonacci retracement of...
The PEAD projected a Bearish outlook for $EL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 40%.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
The PEAD projected a Neutral outlook for $EL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
I just started to short EL, Target 150$ 140$ 124$
The PEAD projected a Bearish outlook for $EL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Estee Lauder missed earnings (or something, outlook, whatever) and today has gapped down bellow significant support level. Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support. Stop loss right above $265.