1) ADX is low and flat indicating a lack of direction at the current level after bouncing from its lows
2) Squeeze indicator shows a declining level of positive volume and that the pressure of the squeeze is still on
3) Pin bar rejection of a 3 point downtrending resistance level
4) Recent Hi-low fib also coincides with the area of price rejection
5) Fib extension...
The weekly chart of CL shows a divergence of MACD lines and sort of a divergence of the histogram. Both Force Indexes are lower than they were at the last swing high.
The daily chart has a closing marubozu candle, which might signal the start of the correction, note also the high volume. MACD lines and histogram show a class A bearish divergence, and so do both...
...or not. This toothpaste tube is all but out of paste. One more squeeze and it's time to short.
Everyone seems to think Colgate is the right fit for Buffett, but does Warren think that?
www.forbes.com
P/E is near 22 which is also unprecedented. With that kind of stock valuation you would think we are talking about a tech growth engine, i.e. Apple 10.31 or...
