Making a nice inv H&S and since economy is not that bad. Ever walked into a mall where ULTA is? Gives me a good read.
estee lauder breaking out from a major range. long term hold. volatility is at an extreme due earnings. selling put spreads seems lowest risk. if youve got the caps selling a cash secured put would reduce cost basis for entering a position. :)
Heavy resistance at 146. If price pushes past it with volume it will quickly increase. If not I have a stop set up not to far down.
Shooting Star daily No new high on lower time frames as well spinning tops Play gap to retest S/L 146.74 T/P 131.47 R/R 3.12 ;O Profit Trading!
EL has been in an overall uptrend with today's price breaking above resistance @ 145.86. Retest around the resistance turned support was the plan, and placed a buy limit order that got triggered. I have been observing this stock for a long - time and the analysis still supports the long - term buy. Been taking profits( partly due to indiscipline); From the chart,...
Price seems to be trading just above the 9ema, with the 142.63 level broken twice but did not close above suggesting that buyers are probing the area above. Possibility of a higher low sequence developing before strong move up to test T/P level (potential breakout). Keeping S/L wide, considering developments on the trade front.
Possible up move: reason Increase in Volume (Accumulation) before earning bounce of support line at 131.95
Analyzing the last 5 quarterly reports, we concluded that a possible gap of 8.73% - 11.86 pip on 08/20/2018 after release of the report. In the last 4 reports they had positive results in the stock of 6.31% average only the one of May / 2018 that fell 8.53%, we hope that this gap has exactly the opposite effect. EL BUY WEEKLY 8.73% 11.86 pip TP 147.75 SL 128.76
EL has broken out of monthly trendline and formed a new steeper trendline. The steeper trendline has broken downward and monthly trendline will be re-tested.
EL is still in an uptrend. If there is a bullish candle at 145, it could return to 153. Otherwise it may fall to 139.
Despite having volatility on US Index (SPX or DJI) - which shown at the Orange Box. This stock seems having a strong support at the 20EMA. On top of that, according to the trend line that drawn on the chart, the recently drip seems breaking the trend line and fall stay above 50EMA. By right, for those who holding this stock, you should either hit with your TP, or...
It is currently at a very strong resistance line meaning anything can happen. If it is strong enough to pass through the BLUE reistance, it will then be in a new trend (Blue Trend) IF not, since it looks very over bought, it is going to go down and retest the PURPLE support. It may find support here but it is possible it wont and it may go all the way back down...
EL has continued to show strength in relatively weak market action. I'm taking a long position with stop set around 136.25. Positioned sized. Only 1% of total equity at risk.
EL Inc last night reached its highest point giving traders a good opportunity to short it. This morning after a bit of struggle, eventually gave way to a nice short and eventually resting at 145. Always, when shorting, take the highest price possible. This gives you a good opportunity to exit earlier that expected once you reached your target.