Time to Accumalte
I shorted Estee Lauder and closed my short today at $73. We have just hit support at $65 at an important Monthly level of support.
Time for me to accumulate a long position with the proceeds of my short.
Not financial advice, do what's best for you. Refer to my previous trades on this stock to see why I think the final capitulation wave is in.
Time for me to accumulate a long position with the proceeds of my short.
Not financial advice, do what's best for you. Refer to my previous trades on this stock to see why I think the final capitulation wave is in.
Trade active
Entry sub $65, stop loss moved to $64. This is still an overvalued stock, i'm trying to catch a deadcat bounce with a tight stop loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.