Live monitoring of the Diamond setup on EL. See where price is heading.
Indecision. Widening then narrowing range.
Technical analysis of Estée Lauder Companies (The) (EL) reveals a significant setup. Currently at $84.81, the asset is showing upward momentum (2.85%). Algorithmically, a Diamond structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $91.99, targeting $109.02 with support near $83.48 (R:R 2.0).
What is your outlook on EL?