If you haven`t bought the dip on CL:
Then analyzing the options chain and the chart patterns of CL Colgate-Palmolive Company prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-4-26,
for a premium of approximately $0.80.
If these options prove to be profitable prior to the earnings...
Reasons for bullish bias:
- The price has broken consolidation on weekly
- Playing simple DOW theory
Here are the recommended trading levels:
Entry Level(CMP): 88.77
Stop Loss Level: 82.43
Take Profit Level 1: 95.11
Take Profit Level 2: Open
Clear channel down NYSE:CL possible big money coming, ideal for some Puts!! Just wait until confirmation SMA8 crossing down SMA20 and let's get ready to rumble...!!!
Analyzing the options chain and the chart patterns of CL Colgate-Palmolive Company prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
A price action above 71.00 supports a bullish trend direction.
Testing its 200-week simple moving average.
A break above this pivot as well as its 200-day might change the sentiment to bullish.
The target price is set at 79.00.
The stop-loss price is set at 71.00.
Increase long exposure for a break above 75.00, which is close to its 61.8% Fibonacci retracement...
Look at this recession proof darling.
When I see a large company that had a huge sale and is beginning to rebound. I begin to draw on the chart.
This stock pays a nice dividend every quarter and is ready to pay.
If you like to invest on earnings, we are in earnings season for this one.
I've marked the points of profit in green and the caution to get out...
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
