vlad.adrian
Short

Colgate-Palmolive - Signs of correction

NYSE:CL   COLGATE-PALMOLIVE COMPANY
117 0 4
The weekly chart of CL             shows a divergence of MACD lines and sort of a divergence of the histogram. Both Force Indexes are lower than they were at the last swing high.
snapshot


The daily chart has a closing marubozu candle, which might signal the start of the correction, note also the high volume . MACD lines and histogram show a class A bearish divergence, and so do both Force Indexes. First support comes at 66$. There is good support at 64$, where the weekly Wave stands approximately. That will be a level to watch closely if this correction is coming
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