NUS could be bearish and fast if break down
THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position.
NUS is in a triangle and is close to all major MA which could be an indication of a strong move soon. A breakdown below the red dotted line would be triggered for a short position.
Volume is for now neutral.
Price is above all major MA which is actually bullish.
RSI has bearish negative divergences which indicate stock could drop soon.
MACD also has bearish divergences.
Overall: NUS is close to the end of the triangle, no more space. If it breaks down below the red dotted line it could be a very strong and powerful drop because at the same time would drop below BigRed and also below 50 days MA
NUS is in a triangle and is close to all major MA which could be an indication of a strong move soon. A breakdown below the red dotted line would be triggered for a short position.
Volume is for now neutral.
Price is above all major MA which is actually bullish.
RSI has bearish negative divergences which indicate stock could drop soon.
MACD also has bearish divergences.
Overall: NUS is close to the end of the triangle, no more space. If it breaks down below the red dotted line it could be a very strong and powerful drop because at the same time would drop below BigRed and also below 50 days MA
Consistency is the key of success....