NUS: Ever Used Nuskin Product? Product Or Stock, Which Do U Like
NUS underwent a brutal selloff from its 2014 high of $140+ all the way down to $23+ which bottom in 2016.
Prices have since recovered to about half of its all time high.
From a technical perspective, this recovery does not appear to be complete.
A price target between $80-90 appears to reasonable at this point in time.
Once Minor Wave C is completed, I am expecting Nuskin to plunge to all time lows.
A break of $46.35 from current price could imply the following:
(1) A more complex correction Wave B is forming before Minor Wave C starts (preferred alternate count)
(2) Minor Wave C is completed and prices are expected to plunge to all time lows
Prices have since recovered to about half of its all time high.
From a technical perspective, this recovery does not appear to be complete.
A price target between $80-90 appears to reasonable at this point in time.
Once Minor Wave C is completed, I am expecting Nuskin to plunge to all time lows.
A break of $46.35 from current price could imply the following:
(1) A more complex correction Wave B is forming before Minor Wave C starts (preferred alternate count)
(2) Minor Wave C is completed and prices are expected to plunge to all time lows
Note
Prices are advancing well nicely with the support of its 20MA.Watch prices as close in on the underside of the 50% Fibonacci channel (diagonal red line) and 50% Fibonacci retracement level.
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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.
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.