Heres my view on CL. as can be seen on the daily, we are in a downtrend since Jan, current market conditions are not helping that by any means but I dont believe the downwards momentum is over yet.
We have bullish divergence on the MACD but in my experience divergence on the MACD rarely works out, maybe we will see some short term upside. what's really pushing me...
What a roller coaster for last 2 years, i am waiting for 76 or 72 breakout. With travel opening the upside i feel, is with business sales like hotels and BnBs. Retail could also benefit from multiple product lines apart from just brushes and paste as masses get ready to get out of all the zoom calls and be physically present.
Hi Folks,
Here comes another example of market geometry: today we are featuring Colgate!
As you can price bounces off the resistance of the upper pitchfork trendline, and briefly finds support from the medium line.
Interested in seeing more examples of pitchforks? Stay tuned for more!
CL looks to have found support and based out with consolidation on support.
Risking about 2% downside with lots of upside potential on this trade.
MACD curling up about to cross for bullish confirmation.
Profit taking pink lines above. Ideally would only have runners left for the full retrace to its previous levels around $86.
OPTIONS: 3/19 $80 Calls or $82.5...
Shares of Colgate Palmolive (NYSE:CL) have pulled back strongly over the last month. Both MACD and RSI indicators reveal that the stock is reaching oversold levels. I have been watching the stock for a few days now and can forsee some buying opportunities in the coming days.
Yesterday the stock pulled down even closer to longer term support level. I would be...
Cannot wait for this one to explode. So many positive indicators. But, if I learned anything, it is to wait for the trade to come to me.
Its on the watch list, will grab options if it rallies.
CL has been consolidating for around one month and forming a bullish rectangle. When consolidation gets tight and the price keeps knocking at ATH, we can see a nice blow off top move. OI on 1/15/21 85c is at 5,000 which is quite high. You can either get in early and wait for the break out, or set an alert at 84.62 and buy weeklies on the breakout (weeklies don't...
$CL is approaching the daily 20ema line (yellow).
This also happens to be where the volume accumulation is highest before there is a gap to the downside.
If $CL can hold about $84.25 at close, it will look nice for a swing to the upside.
Vol profile POC is to the upside as well. Good value area to swing long here at bottom of value area.
$CL posted positive earnings but still the PEAD projected a slight bearish outlook for the stock with price currently trading around the upper boundary of the PEAD cone.
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