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 trade ideas
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
NuSkin: First Touch of Leg Start- Huge Long Swing OpportunityThis thing as gotten completely destroyed and has just recently retested the leg start of the leg up. If you follow my trading methods, this is the best buying opportunity that exists. I expect a nice swing back to support lost. Notice the leg start is a .618 extension from highs, and last week's selling appears met with climatic volume, which really indicates a strong pop is setting up.
Breaking News.Breaking News. I had covered this name just a few days ago, and anytime you hear "circuit breaker" it can't be good. Working on finding the sound bites on the name now. But, whatever happened, Ruby saw it early (see the chart from eleven days ago). Yeah. Sincerely, Beauty PS I will be asking for TradingView to remove the option to leave comments on my charts. The abuse of late is disruptive for my use of the site.
Valentina on Nu Skin / $NUS / Short OutlookDear Chartists, Welcome to a full ticker list for the week of January 6, 2014. These charts will be quick and easy to see through the "Trade With Ruby" indicator. My many thanks to Dan FItzpatrick of StockMarketMentor for doing all the leg-work for his subscribers so that we can concentrate more on the trade. Sincerely, Beauty