Learn to Evaluate (ELF) using the Charts
January 07, 2024, 17:22 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ELF
- Buy ELF slightly over 134.55 target 154.26 stop loss @ 134.16 Details
The technical summary data tells us to buy ELF near 134.55 with an upside target of 154.26. This data also tells us to set a stop loss @ 134.16 to protect against excessive loss in case the stock begins to move against the trade. 134.55 is the first level of support below 138.02 , and by rule, any test of support is a buy signal. In this case, support 134.55 is being tested, a buy signal would exist.
- Short ELF slightly under 154.26, target 134.55, stop loss @ 154.71 Details
The technical summary data is suggesting a short of ELF as it gets near 154.26 with a downside target of 134.55. We should have a stop loss in place at 154.71though. 154.26 is the first level of resistance above 138.02, and by rule, any test of resistance is a short signal. In this case, if resistance 154.26 is being tested, a short signal would exist.
Swing Trading Plans for ELF
- Buy ELF slightly over 139.91, target 154.26, Stop Loss @ 139.51 Details
If 139.91 begins to break higher, the technical summary data tells us to buy ELF just slightly over 139.91, with an upside target of 154.26. The data also tells us to set a stop loss @ 139.51 in case the stock turns against the trade. 139.91 is the first level of resistance above 138.02, and by rule, any break above resistance is a buy signal. In this case, 139.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ELF slightly near 139.91, target 134.55, Stop Loss @ 140.31. Details
The technical summary data is suggesting a short of ELF if it tests 139.91 with a downside target of 134.55. We should have a stop loss in place at 140.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 139.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ELF
- Buy ELF slightly over 139.91, target 140.2, Stop Loss @ 139.58 Details
If 139.91 begins to break higher, the technical summary data tells us to buy ELF just slightly over 139.91, with an upside target of 140.2. The data also tells us to set a stop loss @ 139.58 in case the stock turns against the trade. 139.91 is the first level of resistance above 138.02, and by rule, any break above resistance is a buy signal. In this case, 139.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ELF slightly near 139.91, target 134.55, Stop Loss @ 140.24. Details
The technical summary data is suggesting a short of ELF if it tests 139.91 with a downside target of 134.55. We should have a stop loss in place at 140.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 139.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for E.l.f. Beauty Inc. (ELF) available here: ELF.
ELF Ratings for January 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
114.81 |
| P2 |
132.99 |
132.92 |
134.55 |
| P3 |
140.2 |
139.91 |
154.26 |
AI Generated Signals for ELF
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The E.l.f. Beauty Inc. (NYSE: ELF) report below can help you understand how to do this. The trading plans for ELF, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ELF:
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