Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 18/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
My trading idea for - Nu Skin - BUY based on strong seasonality!
Entry: 40.00 USD
Target: 44.00 USD (+10% profit)
Nu Skin Enterprises is a direct sales company for health and beauty products.
I am buying a position in Nu Skin because of its strong seasonality.
In the period May to early August, the stock has outperformed its index (SP500) by at least 4% each...
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.
THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position.
NUS is in a triangle and is close to all major MA which could be an indication of a strong move soon. A breakdown below the red dotted line would be triggered for a short position.
Volume is for now neutral.
Price is above all major MA...
NUS daily - even though NUS is above BigRed (200 days MA) is close to a breakout of a big rising wenge which is a very bearish pattern.
Volume is neutral to bearish because this whole leg up is on volume below 20 days average volume.
At the moment NUS is above all major MA (8, 20, 50, and 200) which is bullish.
RSI is in the mid to oversold area which could...
bullish indication
higher high higher low
green candles
crossed resistance level
head and shoulder chart pattern
plan
buy 49.46
stoploss 46.58
tp1 52.01
tp2 54.12
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
- Adding to watchlist for Tuesday morning.
- Just past earnings, which seemed good, but investors reacted to a change coming to CEO.
- Seems like it wants to test that volume shelf on the Daily as well.
- Oversold on RSI.
I red opening down to the volume shelf on Tuesday, and then a bounce to green would be a nice entry. Bet it recovers that large red candle...
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 70%
TARGET (EXIT) PRICE = 52.67 USD
BREAKOUT (ENTRY) PRICE = 52.10 USD
DISTANCE TO TARGET PRICE = 0.65%
EMERGED ON = Nov 17, 10:00 AM (EST)
CONFIRMED ON = Nov 17, 11:02 AM (EST)
WITH CONFIDENCE LEVEL = 74%
The Ascending Triangle pattern forms when the price...
NUS went from $27.46 to $31.26 in one trading day that was the first of two great days. On the last trading day it passed it's 200 day moving average which was $35.55. It was a big accomplishment but now we have to wait till the next trading for it to hold above $35.55 to confirm it's bullish run.
Notes on chart for starter postion. The Red line is wide stop, so would either wait or play small to allow to double down if it is retested. Just my personal thoughts.
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.
$NUS short idea after similar company $USNA reported earnings last week and gapped down 20%. USNA reported a slowdown in growth in China due to Chinese distaste for Multi-Level-Marketing. NUS will have the same problems when it reports, as it has promised growth in China
NUS
Gaped up on earnings not to long ago and is now softly finding support on the the daily MA's and Fib's.
NUS
Horizontal S&R: no, but is w/in fib replacements and $80 level
Channel S&R: yes, rising up trend.
MA S&R: above both 20 and 50
>200ma: yes
Volume confirmation: no, just a slow drift down.
Candle Confirmation: yes, morning star at bottom of break from...
