What a fall! From 147 to 137!
But now we've reached a good support. This is not only the January low but was also several times tested since February 2022 where it always proved to be a valid support.
In December 2022 till January 2023 it resulted in a 5 month lasting uptrend.
I think that we will see a certain support here as well at least,
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...
A price action below 152.00 supports a bearish trend direction.
Crossing below 150.00 might trigger further downside potential.
The target price is set at 144.00.
The stop-loss price is set at 157.00.
Crossing below its 200-day might trigger and support such a correction.
Bismillahirrahmanirrahiim
CLRX have a big potential to bull over. If the setup correctly done, we can gain up to R4. This is the reason on why i keep exciting on telling why CRX will bullish.
1. Strong uptrend in Weekly
2. Price retest demand and test Low BB
3. There are Bullish Divergence
4. Candlestick Compression Signal
5. Significant volume
Lets Go!!
InvestorPlace published a list of stocks to GET OUT NOW and Clorox had a sell off which is currently bouncing perfectly from the .618 Fib retracement
Money Flow is coming higher and momentum waves have printed a bullish divergence, looks like a long position is in order
NYSE:CLX
LONG Chlorox $CLX as formed inversed head and shoulder
price crossed 50 on daily, looking for bounce confirmation off the 50 mark.
Could take another 2d days
3+ standard deviation away from the mean.
Earnings were excellent but there will be profit-taking and I am here to capitalize on that.
Price target: 20DMA
1/4 position
The Alligator method is a technical analysis tool that uses three smoothed moving averages to identify trends and potential trading opportunities. The three lines represent different time frames, with the green line (the lips) being the shortest, the red line (the teeth) being the intermediate, and the blue line (the jaws) being the longest. When the lines...
Clorox pattern is looking bullish and may be on the verge of breaking higher.
This Consumer Staple could do a meaningful retrace of the downtrend if it breaks out of this bullish consolidation and recaptures the 200 Weekly MA.
Watching for a long entry.
The PEAD projected a Bullish outlook for $CLX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 87.5%.
1. previously have failed the 150-151 resistance 5 times, could work again.
2. short term extended. 25% above low.
3. big earning drop and no-reason bounce with the market.
4. Fundamental deteriorating, earning, sales, margin all dropping. Yet PE still high at 32.
5. Institutional support is dwindling
The most recent daily candle tested the upper bound of the symmetrical triangle and closed above the .38 Fibonacci level.
The 13 day FI crossed 0 on 9/6 signaling a positive trend.
On the ADX D+ crossed D- indicating an upturn in price trend.
The MACD is setup for a cross which is a buy signal.
OBV confirms the current trend.
2 X ATR Stop $141.02
Target:...
The PEAD projected a Bullish outlook for $CLX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 37.5%.
No idea what the title really means but it sounded good. Here is your area of interest for the coming days.... I will probably be taking a position in clorox. I am short term bullish. Sadly I am late to the party.
Current Situation:
Recent Profit: Very Good
RSI14: Bullish NYSE:CLX
ADX: Neutral
DMI Movement: Bullish
Price is Above EMA20 and EMA50: Bullish Short term
Trigger and Action:
Buy near 153 because break of Neckline resistance, break of EMA100 Resistance, EMA20 crosses up EMA50 and probable ADX hits 20.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
