Every time I trade Estee Lauder (EL) – which is more times than I’d like to admit, a bit of my manhood gets flushed down the tubes. Yet again, I find myself today crossing gender boundaries and getting sucked into another EL trade. Basically its outcome boils down to this:
Who will rise victorious at the end of the day? I don’t know for certain. Nonetheless, the chart is awesome, and therefore I think you should consider it as well with the double bottom short-term, stop below critical support, and a breakout of a 3-month channel. What’s not to like (oink oink!)
Here’s the EL Setup.
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