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motleifaul
Feb 9, 2024 6:50 PM

Handle Emerging Long

Clorox Company (The)NYSE

Description

With its bottom on November 11th we can see a cup bottoming sharply and reminding almost already at a V-formation. Nevertheless there is a long handle from end November until end January that had been exceeded and is to be retested now.
Of course the price may come back to the top of the handle but in respect of the deep cup there is a chance of a large gain that may justify an entry now already with the chance of an additional long entry later on.

Trade closed: target reached

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