Estee Lauder missed earnings (or something, outlook, whatever) and today has gapped down bellow significant support level.
Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support.
Stop loss right above $265.
Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support.
Stop loss right above $265.
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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.