$EL
Added 2024-08-12 19:17:15 +0000 UTCWe can add $EL to the list of market leaders that have been extremely beaten up, as I mentioned in an update earlier today.
$EL has lost all of its Fib support levels on its crazy descent down from $374 to $86 right now.
Price is at its 2017 low and FWD PE is still at 21, so just slightly overvalued now which is incredible to say.
I will be watching for a test of the 2016 low at $75 on the blue line for support.
Same price as $NKE, $SBUX and $DIS....
