$EL - WATCHLIST -
Added 2025-05-22 16:28:52 +0000 UTCBurry's only Bullish bet is on $EL and although they still have a lot to do to really turn this around, technically it is looking very attractive right now and so is $ELF.
Price continues to hold above the 0.78 Fib at $50, broken out of the 3 year yellow channel and I expect a move up to the 50 WMA next at $80.
RSI and MACD are showing strong signs of a reversal and a bullish trend.
The very bullish PT here is a return to the 200 WMA which is at $195 now
But we are still waiting for a new impulse wave to form....so far there has just been one bounce since $50, we need a higher low to get in here I believe.
Comments
That's a great share my man! Appreciate it!
Rola
2025-05-22 19:34:28 +0000 UTCIf you think we are headed for a down market/recession, google “estee lauder lipstick effect”
Brian Delaney
2025-05-22 17:31:29 +0000 UTC
