After a long-term decline, 
EL has finally completed a massive Inverse Head & Shoulders bottom.
We've officially cleared the neckline at $103.62 on the weekly timeframe. With the 200 SMA acting as a magnet above ($151.57), this 'Make-up' giant is finally ready for a serious 'Mark-up.'
Immediate Target: $159 (Linear)
Moon Mission: $221 (Log Projection)
Don't let this breakout smudge!
EL has finally completed a massive Inverse Head & Shoulders bottom. We've officially cleared the neckline at $103.62 on the weekly timeframe. With the 200 SMA acting as a magnet above ($151.57), this 'Make-up' giant is finally ready for a serious 'Mark-up.'
Immediate Target: $159 (Linear)
Moon Mission: $221 (Log Projection)
Don't let this breakout smudge!
Note
#EL #EsteeLauderlooking good .. eyeing up a break of the local high of $121
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.