EL, ESTEE LAUDER A PERFECT STOCK TO SHORT AT THIS TIME
Estee Lauder missed earnings (or something, outlook, whatever) and today has gapped down bellow significant support level.
Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support.
Stop loss right above $265.
Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support.
Stop loss right above $265.