$EL - Target of $306.25+Learning Elliot Wave Theory. Looks like a great setup within parameters and rules, still waiting on wave 3 to fully develop, otherwise it is a bust.
EL trade ideas
$EL with a neutral outlook after earning release $EL posted its earnings with a positive over reaction following the earnings release, The PEAD projected a neutral outlook for the stock placing the stock in Drift B
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Beautiful Make UpToday I got sent a lot of positive vibes about the methods I've been sharing so I wanted to give back. There are two great setups that a friend found I wanted to share on NYSE:REV and NYSE:EL . I don't know anything about the industry of women's makeup but I know when price action is beautiful!
Both of these had some great around-earnings price action that is a testament to how great trades can be found Before AND After earnings on stocks. STOP BUYING OPTIONS RIGHT BEFORE EARNINGS! The action you want to play is in the weeks BEFORE and AFTER earnings!
What makes price action a Beautiful setup to me is when the 50% Retracement lines up with past price inflections. Highs, lows, and gaps are fantastic to confirm Support and Resistance levels. EL demonstrates this beautifully!
ESTEE LAUDER ON A GRAVITY PULLBACK TO THE TRENDLINE ! ESTEE LAUDER on a gravity pullback to the trendline, good chance to go long from !
$EL Estee Lauder Over-extended$EL Estee Lauder looking over-extended recently. Expecting to see some mean reversion in the near term.
Bearish Options Activity Today:
Short Call Sale of $250/$270 strike January calls for $3.4M
Near term target: $240 ($220 possible by Feb)
Note: This is NOT investment advice.
EL LongNice handle forming for cup and handle pattern. Once market stops bleeding which is likely to bounce atleast temporarily from the oversold territory, Price for EL may also break out of handle. Getting ready to go long once the set up is completely formed. I see this downward pressure from market cyclical and likely to not have crash as lots of fear mongerer are claiming.
"More money can be made betting on long side of the market than waiting for a crash" said Peter Lynch. I have learned to strongly believe that over the years.
This is an opinion. Please do not buy any stocks or other financial instruments reading this posts. These posts are for educational purposes only.
ESTEE LAUDER COMPANIES INC NYSE ELUptrend Closeup 221.00
1 target 235.00
2 target 250.00
3 target 270.00
$EL - Entering to oversold area, Trending line AB, HoldNeed to check the bottom side of Ascending Channel.
Fibo - 180$ important.
Not for a suggestion!
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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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.
Estee Lauder gets reprieve from sellers
Stochastic bottomed and crossed.
RSI in reversal after heavy selloff
Regained 100ma support.
China related issues a concern as it is strong market fro the stock.
Well respected channel in play.
Small gap fill trade opportunity pre earnings.
EL is breaking out+Breakout Buy
+Price managed to close 31 Oct gap down.
+Price bounce above EMA20/EMA50 and stay above EMA200
=EMA20 attempting to cross above EMA50
-Bull Force Index turned +ve, however, volume are below average.
SL 178
TP1 = 201
TP2 = 207
TP3 = 218
TP4 =224
EL breakoutStrong bullish candle. Rise in volume as it breaks through resistance. Stop set below previous week candle. Above all EMAs.
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
Identifiying double bottom pattern in EL shares during May 2019As an exercise of basic trading, I could identify double bottom pattern in Esteé Lauder Company Inc' shares. As we can see, after the double bottom, shares continued in a bullish trend line until May 16th.
