I am doing something new , I am going to do a monthly update on some live account trading results , these are real accounts with real money and this is about year 3.5/4 for me as a person that decided they wanted to jump down the rabbit hole that is trading . I am nowhere near being a master , probably never will be but one thing is for sure , I love this game ,...
Time and price coinciding needs PB ..usual scenario would be to prior IV ..negative divergence ...do not know what funny scenario will be...CFO caught in some nonsense scandal maybe ?
Here is one of the top breakouts choosen completely by computer scans based on relative strength.
ELF see if this Break out sticks.. most have not.. just Tracking some.....
ELF stock's price has been trending upward since May 2022 which makes it attractive in the current environment. A zone between 63 and 67.5 would create an opportunity to buy dip. As long as ELF trades above 59, upward trend is likely to remain intact.
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
Great bullflag here. Buying it over 57. looking to start taking profit around $60
I see a short opportunity here because the p/e is too high for a product that doesn't need to be purchased. Beauty products are not something that will be selling with millions of Americans getting priced out of life. Sorry to say, I need the money and if I have to short luxury consumables to pay rent I will. I have a put that expires in May, should be plenty of...
Here is a review of my stopped out trade review on $ELF with a 1:3 risk to reward thesis. Bearish Fundamental - High PE - Negative PEG - Negative P/ FCF - One must note beauty and cosmetic related products are always top of the chart in the online business / Lazada / Shopee Technical - Price broke down 2 years upward trend line with a long wick rejected -...
Bearish Fundamental - Negative P/ FCF - Negative PEG - Negative PE - Overvalued - Decent earnings TA - Bearish momentum divergence - Price falls below channel - Rejected channel - Price rejected 0. 5-0 .618 fibo level - Price below 200 ma - 200MA confluence with channel / fibo
ELF : Watch for the break of this important resistance line and a potential all time high. If I had a lot of imagination I would also see a cup and handle but I'm not sure. $NVEE has exactly the same chart Trade safe!
Possible bull flag with catalyst incoming. This pattern used to work during the bull market.. will it work again? Possibile earnings run up for ELF BEAUTY, hopefully they should show big revenues growth this year. PT 1= 28 $ P2 2= 30 $ Stop loss 5%
Not a cruelty-free, vegan beauty company ELF, which makes the best primers on the market, beating its Q1 earnings estimate by 7 cents a share! Yes, indeed. In fact, they've beat earnings estimates four out of the last five quarters. This low-cost drug store brand is eating up market share with its consumer-friendly price points and awesome products. As women...
2 HR Chart - E L F | Trending lower, look at MACD & RSI for confirmation. Could not break resistance line, expect to trend lower. Should dip and retest resistance.
Potential 25 percent gain on sight Current price and buying zone Good luck
Quick little trade here for a ~$0.75 (5%) gain. Maybe worth a scalp :)