CL has been making lower highs and lower lows since October 2020. It is in a rectangular formation since May this year. On 15 August, it nearly reached its 200 EMA. If it breaks below, 200 EMA in coming days, it may reach 70. If it doesn't and reverts, it will reach 80.
The PEAD projected a neutral outlook for $CL after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
CL showing massive wick rejection on the weekly at previous resistance. Risk/reward as pictured is excellent with entries, stop loss, and PTs as shown.
my analyses indicate that the market in bullish phase for now but the market will keep pushing in the main trendline wich is bearish so In short, the market is in a bullish corrective phase, but I do not recommend buying because it will be the opposite of the main trend wich is bearish well wait untill we have sign to sell wait for upgrade
Colgate has been on a bull run for sometime, there's saying that what ever goes up surely comes down....expected Colgate to hit the $81 price mark and was respected as predicted....won't be surprise if Colgate fails to reach $84 (supply zone) then starts falling.
nB: there's a possible short into $58 for a perfect bullish flag formation!
The PEAD projected a Neutral outlook for $CL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
CL trending in this channel for a year and a half. Gap down on earnings didn't change fundamentals of the co. I expect that the gap would be filled. Taking long call postion today for 20May22. $78 strike. Entry price $1.35. Will target top of the gap for exit. Or if momentum fails.
The stock market is falling right now and Colgate Palmolive is the only stock I think will keep rising for the rest of the week and early next week.
We have seen the stock price bouncing off support around 72.00 and now seems to pierce right through resistance area around 78.50
Buy at market prices
Target : 85.04
Stop : 74.97
- Price is in a large range
- Currently oscillators showing oversold
- Volume picking up
- Upcoming earning/divi
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
my analyse it about cl in the future marcket , cause it have an old resistance when he touch it he come back and the fibonachi and trend line and a lot of our technique of analyses give us thus result , thank u .
$CL strong setup or bullish continuation. consumer stocks are trading higher yesterday amid a possible rotation out of tech stock names. and also for economic reopening.
Buy calls above yesterday highs. 82.42
buy puts below 80.76
Hello Guys,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going...
NYSE:CL They may the tooth paste i think people will keep using tooth paste
Dont take this trade if you cant take a close run in with the stop loss the profit is not extremally large its just a good company want to hold it
