I am doing some fib projections if $CL Continues it's uptrend.
Hi friends the monthly chart of this market shows that it will experience a downward trend but also you must be vigilant of the change in the opposite direction please subscribe to receive more analyzes
$CL is breaking out of a month long ascending triangle pattern on volume bigger than the 20MA AvgVol Notice RSI is breaking out also above 60 and MACD is about to go positive. Both with plenty of room before overbought condition. Company reports earnings Friday, 31st on July BMO, so it could be a classic ramp up before ER Measured target from the technical...
Pattern breakout. But i would like the box to cross. Yet a buy could be initiated around 72 as this is a slow beta stock. Going sideways last few days. Not much to write as it is considered a boring stock. and not a traders stock.
Hey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. COLGATE-PAMOLIVE CO is in an important moment, it is likely that breaks its stabilization zone with force. Please LIKE & FOLLOW, thank you!
NYSE:CL has broken a key level , it is very likely to drop to around 66 area .Maybe even lower , IF it closes considerably below the 66 area in the future.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad
NYSE:CL is in a key level right now and what will happen today or the few next days would be decisive for this stock .If price drops and closes significantly below the 70 level it is likely to continue dropping to around the 66 levels .If price increases significantly and closes above the 71.5 levels , a rise to around the 74 area is to be expected .
Colgate-Palmolive Co Pending Order Placement Entry Placement 73.31 Take Profit Placement 77.90 Stop Loss Placement 70.25
Nowadays long positions are too risk. Wait for the breakout.
CL is testing this week its All Time High level making a strong monthly jump which turned the 1D chart overbought (RSI = 76.424). No matter how odd this can be on the short/ medium term, this long term pattern is in the stock's favor as the MACD on the 1M chart has formed a very bullish pattern, which is an indication of a bottom and the start of a very aggressive...
Colgate has produced a repeating pattern, a channel that will most probably lead to a bearish break.
Personally I think that around 40 usd is the fair value..