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EL jumps on analyst upgrade LONG
Estee Lauder Companies, Inc. (The)
EL jumps on analyst upgrade LONG
By AwesomeAvani
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Updated
Mar 29
1
Cheer
Cheer
Mar 28
EL like ULTA was beaten down in covid times. It jumped in 2021 and fell in 2022 and 2023.
2024 might be the year they thrive again. On the weekly chart, EL is back to the support of
its levels of 2018. With an analyst upgrade coming from Bank of America it is now getting a
bit of attention. Trend strength and relative strength were down. I see this as a good entry
for a new long position in EL while also looking at ULTA. Targets are the fib zone and a
correction / consolidation area on the downtrend so 200 and 250. Now is the time to invest
in female beauty.....
Mar 29
Trade active
EL
Growth
Technical Indicators
oversold
relativestrength
reversal
reversalpattern
trendstrength
ULTA
undervalued
upgrade
Value
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