NUS trade ideas
Long NU Skin (but with risk), Bullish BAT. 75~150% upsideMissed the better price to buy at $24.
Never mind. There is still a lot of room for upside. NU SKIN has formed a bullish BAT nicely. The two target prices are highlighted in the chart. However, there is certain risk involved since the company business model relies on MLM which is not so welcomed in Asia.
Amazing to find out that there is dividend of 3+% based on current price. WooHoo. A good buy and hold!
Of course, will be drop and test the $24 level again? possible. If it retest, better price to buy!
NUS (Short)Here's a SHORT for you to watch. I'd either short at $29.90 if it comes back up, or at $27.60 if it goes back down, buy back a third at $24.75, another third at $23 and keep moving the initial stop of $30.56 down on the last third.
2nd attempt to breakoutthis chart says it all
Price of NuSkin found support at the mid channel which coincide with horizontal support of 40. It then make its first attempt to break the channel top @50 but failed
There is a possibility of 2nd attempt again, if it fail again, NuSkin could drop to around 30
Is the MLM Pyramid selling scandal over yet? Was it coincidence?Nu Skin has been known as Multi-Level Marketing company especially in APAC region, that's a indisputable fact.
Technically, the price has just accelerated and deviated away from the proper uptrend channel and hit the resistance in Jan 2014.
"Coincidentally in technical sense", China launched this lawsuit and scared the hell out of investor.
Klinger Oscillator and Force Index are showing a short term bullish divergence.
First major support is around 37. I look closely at this level to sell a weekly or monthly put options
Failing to hold means around 28 for another support. Beyond this price mean redemption only at around 17.00
NUS - breakoutToday I bought NUS, hope the market breaks out, too ;-)
It could be a fake breakout, then I'll get out with a stop at 81.
Just my personal opinion here.
