Stock Of The Day / 02.04.25 / EL
02.04.2025 / 
EL #EL
Fundamentals. Earnings report. Estee Lauder beats earnings expectations, but negative forecasts send shares lower.
Technical analysis.
Daily chart: Downtrend. Level 69.78 formed by the gap in November 2024 is ahead.
Premarket: Gap Down on increased volume.
Trading session: A pullback after the initial downward movement was stopped at the level of 74.00. We observe a narrow range and a clear holding of the price below the level. We are considering a short trade to continue the downward movement in case of holding the level of 74.00.
Trading scenario: #Pullback along the trend (#rebound) from the level 74.00
Entry: 73.13 when exit down from the trading range below the level.
Stop: 74.12 we hide it behind the level with a small reserve.
Exit: Close part of the position before the daily level of 69.78. Close the remaining part of the position at a price of 68.50 when the structure of the downtrend is broken.
Risk Rewards: 1/4
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
EL #ELFundamentals. Earnings report. Estee Lauder beats earnings expectations, but negative forecasts send shares lower.
Technical analysis.
Daily chart: Downtrend. Level 69.78 formed by the gap in November 2024 is ahead.
Premarket: Gap Down on increased volume.
Trading session: A pullback after the initial downward movement was stopped at the level of 74.00. We observe a narrow range and a clear holding of the price below the level. We are considering a short trade to continue the downward movement in case of holding the level of 74.00.
Trading scenario: #Pullback along the trend (#rebound) from the level 74.00
Entry: 73.13 when exit down from the trading range below the level.
Stop: 74.12 we hide it behind the level with a small reserve.
Exit: Close part of the position before the daily level of 69.78. Close the remaining part of the position at a price of 68.50 when the structure of the downtrend is broken.
Risk Rewards: 1/4
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.