$EL - WATCHLIST -
Added 2024-05-16 16:35:34 +0000 UTC$EL may be on the cusp of finally breaking out of this two year downward channel which has not been pretty
$EL is the market leader in cosmetics but has been under pressure from fast moving growth stocks over the last 2 years like Sephora and $ULTA
But a break above the top yellow trend line at $142, which is also the 200 Day MA could mark the first signs of a reversla.
So I have added in the impulse wave here, if the price can break out.
Rejecting at the trend line or 200 Day MA will not be a good sign.
