Here is a review of my stopped out trade review on 
ELF with a 1:3 risk to reward thesis.
Bearish
Fundamental
- High PE
- Negative PEG
- Negative P/ FCF
- One must note beauty and cosmetic related products are always top of the chart in the online business / Lazada / Shopee
Technical
- Price broke down 2 years upward trend line with a long wick rejected
- Momentum theory indicator was seen under the water
- Price further broke down forming a M top / channel
Entry idea
- Entry idea was based on few confluences
- Rejection / retest of the trend line
- Rejection on 0.5 fibo
- Price below 200 MA
Stop loss set on 0.786 fibo level which within 1% of my trading capital and got stopped out.
Trading performance should always be based on how well you trade on the outcome of a single trade.
Cheers and happy weekend to all traders!
ELF with a 1:3 risk to reward thesis.Bearish
Fundamental
- High PE
- Negative PEG
- Negative P/ FCF
- One must note beauty and cosmetic related products are always top of the chart in the online business / Lazada / Shopee
Technical
- Price broke down 2 years upward trend line with a long wick rejected
- Momentum theory indicator was seen under the water
- Price further broke down forming a M top / channel
Entry idea
- Entry idea was based on few confluences
- Rejection / retest of the trend line
- Rejection on 0.5 fibo
- Price below 200 MA
Stop loss set on 0.786 fibo level which within 1% of my trading capital and got stopped out.
Trading performance should always be based on how well you trade on the outcome of a single trade.
Cheers and happy weekend to all traders!
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。