Below is a chart of Nu Skin (NUS) downside targets based on Edson Gould’s Speed Resistance Lines (SRL):
Already Nu Skin has managed to decline below the conservative downside target of $79.28. If the stock closes below $79.28 then the price should vacillate at or below the rising conservative SRL in the medium-term. If the stock manages to close above the $79.28 level then the upside target is $118.92. Additionally, the extreme downside target of $46.83 is just on the horizon. In theory, this stock should achieve the extreme downside level before hardened speculators will jump in. This is not a recommendation to buy or sell Nu Skin, instead, it is an attempt to observe how closely the stock will adhere to the SRLs indicated in the chart.