$EL - RC -
Added 2023-11-01 15:26:17 +0000 UTC$EL is getting killed today after reporting a bad miss from their report and revenue is down -10% from a year ago, compounding their issues.
We can all see on the chart that it had formed a bullish wedge and was in a good position to respond positively if the market anticipated a good earnings but they did not and they were correct.
This means that $EL has lost its Covid Low now and on track to hit its 2017 low at $75.
$EL management need to do something to turn this around, it has been a large drop from $370 and this is not a disruptive growth stock, where we are seeing similar charts like this....where they would be more common.
