Estee Lauder missed earnings (or something, outlook, whatever) and today has gapped down bellow significant support level.
Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support.
Stop loss right above $265.
Considering all the technicals in the chart and the environment (correction-bear market) we are in, EL looks like a perfect stock to short, specially at this hour when it has retraced back to support.
Stop loss right above $265.
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