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LAUDER ESTEE COS INC: The beginning of trend reversal?
Estee Lauder Companies, Inc. (The)
Long
LAUDER ESTEE COS INC: The beginning of trend reversal?
By demyanchuk
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Aug 12, 2016
3
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Aug 12, 2016
Signals:
1-breakout of inclined long-term support
2-formation of local bearish movement
3-double top with oncoming realization
Sell 91.89-91.50 (the breakout of double top neck)
Stop 94.28 (+1 tic of double top high price)
Target 85.00 (Elliots' waves+strong supporting price)
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demyanchuk
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