TheBullseye

The CLOROX beat the estimations $CLX

Long
NYSE:CLX   CLOROX CO
$CLX has been rising since corona crash. Even though earning results beat the estimations yesterday, It couldn't break out the resistance which has been attempting for 3 weeks. RSI is above the trendline but hit the resistance ad pulled back yesterday. It matters if if it will stay above the trend or not. I would expect a pull back for some time before it will continue to rise up. First support is $187.99 where the gap will be filled as well.
As a longterm outlook; consumption of the cleaning materials is increasing all around the world and needs for them will continue after corona fear due to the habits people get used to

Comments

EXACTLY ! Wash
+1 Reply
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