Clorox pattern is looking bullish and may be on the verge of breaking higher. This Consumer Staple could do a meaningful retrace of the downtrend if it breaks out of this bullish consolidation and recaptures the 200 Weekly MA. Watching for a long entry.
Clorox Company (The) ( NYSE:CLX ) Sector: Consumer Non-Durables (Household/Personal Care) Market Capitalization: $19.376B Current Price: $156.23 Breakout price: $158.60 Buy Zone (Top/Bottom Range): $153.50-$145.30 Price Target: $162.40-$165.10 (1st), $173.20-$176.00 (2nd) Estimated Duration to Target: 44-47d (1st), 97-101d (2nd) Contract of Interest: $CLX...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
As shown in chart, CLX just went above pre-pandemic low. Is the bottom already in?
The Clorox Company manufactures and markets consumer products and professionals worldwide. It operates through four segments: Health and Welfare, Home, Lifestyle and International. For the past year, Clorox has been in the right market segment of the consumer industry at the right time: cleaning and disinfection products. In his latest earnings report he exceeded...
Swing play idea for CLX Disclaimer: I"m NOT a financial advisor. All trade ideas are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
CLX BUYZONE = 186-180 Cost Avg Down (CAD) = 165-170 1st target = 192 2nd Target = 236fib 196 3rd Target = 382fib 204 HODL Target = ATH ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape...
As mentioned before, Clorox ( NYSE:CLX ) has been one of those steadily rising stocks that appear to be benefiting from the Coronavirus. Logically, it makes sense that a company like Clorox would do well during a time where sanitation is of the utmost importance. It's not surprising to see that CLX is on the rise, however, even rising stocks need to take a...
Still not sure how much more we have to go here... though, at 4x price to sales, seems like it could move up.
First 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...
Not 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, 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
Dates in the future with the highest probability for price direction reversals
CLX is consolidating in a rising triangle pattern if price will break above and closes 153.5 stock will probably attack last highs at 163.5 then could go even higher 158 area is acting as resistance rising trendline if far away so stop at last low