NUS (Nu Skin Enterprises ) at 41.75 Heading Lower following Breakdown from Triangle Consolidation (Intraday SELL)

NUS posted a new YTD high at 46.93 (20 Sept) underpinned by the 22-day bull trendline. The downside reversal paused near the bull trendline forming a 3-day triangle consolidation pattern before breaking down. The oversold RSI and bearish trend studies continue to point lower. While the 43.28/44.48 resistance zone caps, scope remains for further weakness towards 40.55 (Support 1) then 38.85 (Support 2) ahead of 36.41 (Support 3).

However, recycle strength above 43.28 would negate and stop out the trade.

Trading Indication:
Short-term (Intraday): Sell at 42.50 or higher;
Target at 38.85 and lower;
Stop Loss at 43.28 (2.0%)
Long-term: Possibly buy lower