Estee Lauder. Multiple attempts to break higher but..168.75

Estee 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.

Yorum:

The stock is testing the 61.8% retracement. cut loss if you can.