CXX trade ideas
Strong Stock, Strong Sector, Horizontal and Trendline SupportCLX is in a strong sector (XLP) that is due for some love. This stock has pulled back to horizontal and trendline support. Possible longs are above $200 or early entry now at support. There is no divergence and the coutner-trendline has not been broken, so buying above $200 has greater incentives.
The view of CLOROXHey traders, CLOROX must be bought urgently at the start of the market, strong buy signal.
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CLX is making higher highs time after timeCLX saw a pullback because it was being overbought and it dropped $15 because of it. CLX is now neither overbought nor oversold which is a good thing. However it is closer to the overbought side. Once it hits 70 on the RSI the price is going to drop.
Will Clorox Clean Into New Sanitize Territory?* Comments and Likes are appreciated *
What I see...
+ Contrary to a mid-March slump like 99% of stocks, Clorox spiked up and quickly retraced to form an inverted 'v' shape in a week
+ Prices have been slowly creeping up to test the $200 range and retrested
+ It broke above $200 last week painted multiple NR3 bars
+ Friday's bar was a NR7 and NR3 combo! with retracting vol.
+ MACD is bullish
+ RSI is closing in on over-bought territory at 66
- Prices got pulled far away from 10MA
- Long upper shadow formed from mid-March's spike, well into the $210 territory
- RSI is at 66
- Narrow range bars last week all had upper shadows
What I setup...
+ Long entry above $206
- Stop at low of channel
+ Target at 618 Fib
:: I may keep this one longer than 1 week
CLX skyrocktingCLX through the coronavirus pandemic is up 34% on the year. The demand for the wipes is really high. The price could drop down to $204-202 price
Do you buy $CLX at ATH?Still not sure how much more we have to go here... though, at 4x price to sales, seems like it could move up.
$CLX can rise in the next daysContextual immersion trading strategy idea.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $199,59;
stop-loss — $193,91.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Clorox: $205+ Short Target + Continued BullrunFirst off, please don't take what I say seriously or as financial advice. This is on opinion basis (as always). That being said, let me get into a few insights. For some reason, the demand curve have been increasing dramatically for Clorox. Now, I can probably guess why. This same reason also looks like why analyst keep giving it a buy rating and it keeps going up. Clorox seems to be trending. My day trading target for a quick sell-off and profit turn over is $205.
The CLOROX beat the estimations $CLX$CLX has been rising since corona crash. Even though earning results beat the estimations yesterday, It couldn't break out the resistance which has been attempting for 3 weeks. RSI is above the trendline but hit the resistance ad pulled back yesterday. It matters if if it will stay above the trend or not. I would expect a pull back for some time before it will continue to rise up. First support is $187.99 where the gap will be filled as well.
As a longterm outlook; consumption of the cleaning materials is increasing all around the world and needs for them will continue after corona fear due to the habits people get used to
Update on Clorox this is just an update, after the market opening,.... check previous update for explanation
Clorox Company (CLX) Clorox Company will be releaseing earnings in a few hours.
As far as technicals, clorox has been in a decent uptrend
price has respected the lower trend line
It respected the fib level 38.2 fib
From a fundamental view standpoint, one would think with the coronavirus pandemic going on they should blow earnings out of the water....
Clorox Co [ NYSE: CLX ]Clorox Co
Pending Order Placement
Entry Placement 198.63
Take Profit Placement 213.82
Stop Loss Placement 188.50
Clorox is outperforming $SPY, $GLD, and BitcoinNot that there's any underlying correlation, but it's important to look at the comparable YTD performance of different assets over time.
Clorox is not only beating the S&P500 YTD, but Gold, and Bitcoin too. Talk about a store of wealth? Clorox wipes for my new 401k!
Here's a live stream covering this comparison, among others: www.tradingview.com
Clorox CLX Bear wedgeBear wedge continues.
Clorox is not the only company making Handiwipes. There is always Walmart
Advance stuck at 0.382 retracement.
Expecting breakdown to take it way down to fill gap 35-40 points lower
Am buying Sept or later puts around 175
CLX - Bearish & Bullish OutlookCLX forming the right shoulder which could end its current channel, however if CLX defends the trend line, then we can continue to move in this channel and eventually break upwards.
CLX Clorox Bear flag with deep down targetClorox, regardless of the hand-iwipes, is forming a nice bear flag on the hourly.
If this breaks down expect target to come to EXACTLY the gap up move from mid-July 2018 ~ 40 points from here
Also may reflect a H & S completion
$CLX can rise in the next daysContextual immersion trading strategy idea.
The demand for The Clorox Company`s shares looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $181,58;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
