Elf - not looking pretty
A breakdown of the neckline confirmed the head & shoulders pattern on this stock. Elf Beauty is not looking very pretty here post earnings. My short was activated at loss of support at $97.94. There is a potential support at $63.88. If we get a bounce here, I may close 50% of my position. I expect the final target of $43 to be reached at some point. The RSI is heading down, I also expect a complete reset.
The Grand Supercycle has peaked with a classic double top and head and shoulders pattern. Be careful buying the dip if you believe in this company, this is a powerful downtrend. We also shorted Celsius using similar TA.
Not financial advice, do what's best for you.
The Grand Supercycle has peaked with a classic double top and head and shoulders pattern. Be careful buying the dip if you believe in this company, this is a powerful downtrend. We also shorted Celsius using similar TA.
Not financial advice, do what's best for you.
Trade chiuso manualmente
Bounced exactly at $63 support, good reaction so far. Closed 50% of my short, using trailing stop losses for the remainder. Bulls appear to be stepping in, will they absorb the selling pressure? Let's see
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.