BUY to ESTEE LAUDER COMPANIES 15 MnHello traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. ESTEE LAUDER COMPANIES is in a long term uptrend possibility if it breaks up strongly.
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Trade ideas
Estee Lauder. Multiple attempts to break higher but..168.75Estee Lauder has been attempting to break higher and that is despite the price breaks the rising wedge formation, the stock rally was halted at 50% retracement level of wave 3 by forming a double top formation and a tweezer top formation on the 2nd top. 
Will there be some chances of an upside? Only if prices close above the 61.8% of the Fibonacci retracement level and price display some bullish signals at the support level 168.76. 
EL - Swing trade If you like Swing trades EL is setting up for something. I like the trapping of red candles here and I like the gap today. I just want you to be leery of the wick of the ATH candle. Let it break that wick then get in for the swing. You don't wait to let the shorts come in again and beat this down at the ATH and trap swing and long traders. Even if it doesn't break today this is one to watch for tomorrow or Wen.. When it breaks it could run for some nice gains. 
Estee Lauder Shorting OpportunityAfter a 5-month bull run, EL seems to have the symptoms of a tired bull. 
The sequences of high high high lows have recently turned into low high low lows. Although news about strong Q3 books, robust travel retail, buyouts might have caused the bull some confidence and momentarily shows signs of strength and stamina. The bear is likely to overcome this with a strong swipe at the 174 mark in the coming months and bend the bull to the markets will. 
See chart for details
  
 
$EL  Estee Lauder is a beauty, but look for lower entry level.Estee reports tomorrow morning and is likely to beat easily, but it is also likely that some profit taking will ensue, which could provide a very good entry level for a stock we previously missed out on. 
Company Description 
The Estée Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under numerous brand names. Its channels consist primarily of department stores, specialty multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas
EL BuyEL 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, I think that market may continue its uptrend since fundamentals are supporting the company and the markets overall.
EL BuyPrice 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. 






















