Bearish Break for Clorox occurred in early February 2018. On the chart you can see 4 horizontal lines. Notice that the Yellow and the Red Lines can be used as a good place to short, since Clorox is in a bear market currently. These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend...
I think this is a really good short setup. The company is bleeding cash, funding their huge dividend with debt, not complying with regulations regarding the usage of sustainable palm oil on their products and the technical chart shows an ideal entry against resistance here. The entry is very tactical, a perfect technical setup, paired with bad fundamentals for...