e.l.f. Beauty, Inc.
Long
Updated

IS ELF BEAUTY FINALLY BOTTOMING OUT?! LET'S SEE!

697
ELF is at a key S/R zone and has shown buyers will step in well before this thing try's to dip under $100! That's great news as that gives us a great risk/reward ratio area!

MACD, RSI, and the Stochastic are all starting to curl upward off the bottom, indicating the start of a bottoming reversal. My trade setup and execution details are below. Not Financial Advice.

Entry: $118 Break
PT1: $152
PT2: $175
Final PT: $220
S/L: Break below $100 at $97.72.
Note
No entry yet as we had a down day. Keeping on watchlist and will be patient for $118 break.
Trade closed: stop reached
Took 2/3 profits at Profit targets and just exited fully. Just had an engulfing candle stick and looks like this name wants to fill the gap it created before going higher. Will look for re-entry there.

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