Reasons why I would NOT short NUS ;
While the chart pattern, and latest news look quite obvious, one should always
look at key fundamentals before shorting.
Market Cap : 4.4B
Revenue : 2.75B
PE : 15
ROE : 46% !
Now go check out Tesla (TSLA) fundamentals ...
Conclusion : Chart patterns, volume, key events are not enough to decide on wether
you should short or not. Focus on very high abnormal fundamentals !!!
If/When the market pulls back, hope to buy NUS at the LT support level (see chart)