HELLO TRADER'S THIS IS MY BULLISH TREND ANALYZE . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND YOU CAN ENTRY .THIS IS MY OPINION ONLY NO MORE SIGNAL
I lost a lot on Colgate in the past because I refused to read the chart, I kept making it say what I wanted.
Not this time. Those days are long in the past.
This has a cup and handle with other positive indicators.
Gameplan:
Ticker: CL
Sector: Consumer Defensive / Household Products
Average Beta: 0.60
Set up: Head & Shoulders
Entry Price: 80.15
Stop Loss: 77.39
Price Target: 92.50
Scale in/out: Will scale in light if volume picks up approaching 80$. Will Kick 1/3 into strength if bids support the trade. Will trail the other 1/3rd through the previous day LOD. The final kick...
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...
