koumkouat

ELF Stock

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BATS:ELF   e.l.f. Beauty, Inc.
-Weekly 26 EMA visit with a confirmative bullish movement.


Long positions preferred.

-15m sideways movement with a false breakout leading to a big bull leg. In order for the health of the trend to be validated we expect a profit taking action leading close to the zone.

Entry after a pullback stalling on the zone followed by a strong bull candle/pattern.

Stop loss below the lowest point of this pullback.

Target on the next negotiation area.

The trade provided is indicative of the process that must be followed.

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