$EL | Allocation | Market Exec | Technical Confluences:
- Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level
- It coincides with a Demand Zone as can be seen across the price history
- Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1
- Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move
Fundamental Confluences:
- Deep discount on a well-renowned brand
- Earnings does not look too good at the moment but they do own some global brands names in beauty care
- Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try
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Putting in 2 portions of my NYSE:EL allocation now with more orders to be placed on in the future
Long-Term value hold in my portfolio.
Remember, DYOR.
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Stockportfolio
$HIMS | Allocation | Market Exec |Technical Confluences:
- Price action is near the 50% Fibo retracement area
- Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby
- Stochastics is inn Oversold conditions in the Daily & Weekly timeframes
- Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51
Fundamental Confluences:
- Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right
- The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them
- One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while
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Putting NYSE:HIMS as part of my medical/health category of my portfolio.
Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone).
Remember, DYOR.
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
GOOG D1 - Correction ShortGOOG D1
Really wouldn't mind seeing a deep correction here on Google, massive extensions seen from the lockdown lows in 2020 throughout March.
We saw aggressive bounce backs, and we have highlighted this each time we post out rundown and cover the S&P500. Corrections from swing lows to swing highs would be attractive to load up on longs again, as we approach that $3000 price we have started to slow down, hopefully first signs on a correction.
BNS IS A MUST PORTOFOLIO STOCK!FUBDAMENTALS Summary
1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters.
2.The company now expects about C$200 to C$250 million of integration costs in the next two years.
3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement.
4.Bank of Nova Scotia should be able to benefit from strong economic growth in Latin America.
TECHNICAL OBSERVATIONS
1.We have a descending trendline that will give us the sign for a change of trend if of course we have a break above and a re-test.
2.We can see that price moved above the 200 EMA but the EMA has still negative slope and every time price did that failed to validate it moving again below it.That's why a double confirmation should give us a high probability sign for a buy.
3.We can also see that the EMA strategy we are in consolidation phase on daily chart,but looking under more longterm scope on a monthly chart is a nice buy after a pullback to the mean.
4.Ichimoku clouds are not giving a reliable sign as we are in consolidation phase and they are nor respected.
POSSIBLE TRADE
ENTRY AT RE-TEST OF BROKEN TRENDLINE ABOVE 200EMA
STOP LOSS AT 73$ MONTHLY LOW AND BREAK OF ASCENDING TRENDLINE
FIRST TARGET AT 85,50$ PREVIOUS HIGHS
SECOND TARGET WILL BE UPDATED IN NEXT ARTICLE!
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
PLEASE LEAVE A COMMENT,YOUR OPINION OR EVEN A QUESTION YOU MIGHT HAVE!
Top us stock portfolio PCI synthetic instrument #spreadtradingWe are observing 5 exact trend line touches, lack of false breakthroughs. There are five maximums in the resistance line area, as it is shown in the figure. The trend is a classic (training!) linear growth channel and it is comfortable enough for analysis. Historical analysis period (1 year), which was used to obtain the sample, is limited by a red lines - bearish divergence + Abc Retracement Elliott Wave Theory.
The dynamic (synthetic spread) created portfolio (Personal Composite Instrument - PCI) allows achieving a better balance of risk and return, than any of the assets included (Spy)