While UlTA has a terrible performance ELF has powered higher on great volume and strong momentum. Entry level $18.50 Price target $ 20.50 Bullish volume | rsi breaking out | MACD and histogram bullish. Moving averages providing strong support. Short interest 9.8% , when will the pain get to much? Company profile e.l.f. Beauty, Inc. is a holding company,...
ELF has a strong support at $15.50 with a potential to reach $18.50 for a 10%+ return within the couple weeks. Great low risk trade to take.
pullback to SUPPORT @20MA/$14 correcting the Daily RSI and continuing BULL RUNNER!
The chart has a very clear downtrend with few signs of a turnaround. Risk takers taking longs in this stock have been eaten up by the bears. Remains a short despite upgrade yesterday, unless it breaks 200ma.
He bought the dip I think It might continue climbing to the 100 MA or the trend line or the small resistance/support line. tread your path.
now: 19.40 buy: 19.43 stop profit: 20.20 stop loss: 19.14