I have followed your twitter for long time, but join MC Chart just a month. I have a question: when you say you take ELF off watch list, do you mean that we should sell the stock? SInce it is 64% above 200ma, kind of extended, or exhausted.
Thanks a lot! Have a great day!
By "taking ELF off the watch list" I mean it is too risky to buy at these levels. The stock needs some time to allow the moving averages to catch up. At 64% above the 200sma it needs to trade sideways. But, I see no sell signs in that stock. It is just a hold if you own it, and not a buy or a sell at this time. The relative strength in this stock is better than most.
If this stock can pull back just a little bit, and take a breather, then maybe it will reappear on our watch list. It is a strong stock that I really like!
I hope this answers your question!