The Long Investor
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$EL
🕑 Added 2025-04-15 20:02:22 +0000 UTCSince we have looked at a lot of deep value positions today and lately, it is only right that we share the $EL chart once more.
It has made it all the way down to the $50 level which we have highlighted as a downside risk for some time now and it is the final Fib support level, losing this level and there is a rotten drop down to the 2009 GFC low at $9.
So far the price has bounced +10% on this support level so the market has identified the importance of this level.
If support can hold and a breakout of the channel next then a reversal could be on here
Burry revealed that he has a position here in his last report, so he sees the technical value here too, the fundamentals need to start improving tho
I have shared a lot of deep value charts lately, I think some exposure to some positions makes sense here
I have bought $NKE, $PFE and $AAL from this category
Comments
Richard
Wonder if this is now worth revisiting
Tim
Love that the family owns a huge portion of the shares at EL. Thank for sharing this chart.
