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ESTEE LAUDER COS A DL-,01ESTEE LAUDER COS A DL-,01ESTEE LAUDER COS A DL-,01

ESTEE LAUDER COS A DL-,01

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ELAA trade ideas

EL daily - likely drop after wedge breakdownEL is weak/bearish fundamental stock therefore would be traded only on the short side. EL daily - is in rising wedge formation which is one the most bearish pattern. At the moment the price is basing above all major MA which is bullish with decreasing volume. On the other side, the price is at the resistance block which is more bearish than bullish. RSI is oversold and it is due to cool down what could be bearish for the stock price. MACD histogram is ticking lower which is more bearish than bullish. Overall: daily close below the blue dotted line would trigger a short position. Also, a strong move throughout the day with a big volume would trigger a short position too with a stop loss above the last 6 days' high.
NYSE:EL
by Consistent_Trades
EL - Strong Price ActionEL formed a bullish divergence on the monthly chart after capitulating on 3 Nov. It then began a "recovery" where there were several attempts to break a resistence zone (228 - 231.5), and finally breaking above on 18 Nov. Alas this proved to be a fake break as it went back below the neckline, eventually finding support only at the 61.8% fibonacci retracement of it's recent AB swing. The last 3 candles then showed a decisively bullish momentum in it's "recovery" : a huge bullish candle (30 Nov) on high volume that propelled it above the neckline again followed by small inside day near the previous candle high, and then another strong candle (last Friday) that did a quick retest and strong rebound from the neckline. Clearly it's momentum is bullish now although it could hit into short term resistence when reaches the 200 day moving average in the coming days. Trail stops up according to your trading pesonality (20 or 50day MA, last pivot low, fib retracement levels, trendline support etc). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ELLong
by Juliac
Further drops on Estee Lauder. ELWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ELShort
by Rykin_Capital
EL looking to break out of YTD consolidationGive or take EL has been consolidating since the beginning of 2021 and is now positioning itself for a nice break out. Before the official break out I do think it'll revisit the $308 to $310 area. Currently it's testing resistance and has decent volume as well. Looking at the weekly or even the monthly chart we can see a clear up trend. Final Notes: If you want to get in early, look for buying opportunities in the $308 to $310 range If you want to be more conservative wait for a break and close above $318.34 with decent volume.
NYSE:ELLong
by HaseebKhan_90
Earnings flag on EL Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics: The preceding trend The consolidation channel The volume pattern A breakout A confirmation where price moves in the same direction as the breakout The bull flag is much more predictable when it is created out of good earnings. Game plan is to buy the break of resistance and follow the trend using the 9SMA as a trailing stop loss. Source: Investopedia
NYSE:ELLong
by The_Level_Two
EL Short William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw. The lines are “eating with an open mouth” and this indicate that the stock is in a strong uptrend. MACD : the line is above the signal line, this is a bullish confirmation. Moreover, the green vertical bars indicate that the price is increasing. ADX : the line is at 29.37, so the stock is in a strong uptrend. Candlestick patterns : there are spinning tops, and this is a bearish confirmation. Overall : it can be interesting to take a buy position on this stock because all the indicators indicate that the price is increasing and will continue like that. Moreover, the stock is currently in a strong uptrend. Better taking a short-term position because there is a bearish candle. Entry price is higher than the current price for assurance and stop loss is set at -5%.
NYSE:ELShort
by lena_vf
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!
NYSE:ELLong
by norok