$EL | Allocation | Market Exec |

8월 13일Technical Confluences:
- Fibonacci retracement since the beginning of EL's history, puts the price action at the 78% retracement level
- It coincides with a Demand Zone as can be seen across the price history
- Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1
- Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move

Fundamental Confluences:
- Deep discount on a well-renowned brand
- Earnings does not look too good at the moment but they do own some global brands names in beauty care
- Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try

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Putting in 2 portions of my EL allocation now with more orders to be placed on in the future

Long-Term value hold in my portfolio.

Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.