is testing this week its All Time High level making a strong monthly jump which turned the 1D chart overbought ( RSI
= 76.424). No matter how odd this can be on the short/ medium term, this long term pattern is in the stock's favor as the MACD
on the 1M chart has formed a very bullish pattern
, which is an indication of a bottom and the start of a very aggressive multi-year Bull Cycle.
Last time this formation emerged was in 2008 - 2010 during and at the end of the 2007 Subprime mortgage crisis. We are turning strongly bullish
on Colgate Palmolive
aiming at around +100% on investment.
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