CLX
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 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
Zillow bull-case idea!Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings... ZG has fallen 50%
As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID.
For example:
People buying masks, hand sanitizer (CLX)
People are staying home to work (ZM)
People are staying home streaming (NFLX)
People are stocking up on durables, non-perishables (COST, WMT, PG, CPB)
Pharmaceuticals are producing cures/vaccines/diagnostic tests (CODX, GILD)
With interest rates as low as they have ever been; housing is becoming very cheap, allowing people to buy more, and more expensive houses.
With the latest trend of staying home, plus people wanting to buy homes. I believe Zillow (ZG) could be a gainer.
--> Set tight limits, as negative momentum has been killing the bulls.
Rest up this weekend, happy trading!
CoronaVirus Stockwhat is this stock?
this is the company that makes Lysol and other flu related products such as Mucinex, Airborne and so on.
Similar to Clx, i think this is an overall smart fundamental play. expect demand of those products to go through the roof and they will be having upcoming strong quarters.
if you want to reference this to anything, it would be like when bitcoin mining was a thing in 2018 and nvda and amd was rushing to fulill increase demand and their stock were hitting ath a few quarters later.
look in the link below
prntscr.com
BTO RBGPF
Entry 14.8
target 18.8
stoploss 10 ( i dont really even want to put a stoploss on this tbh)
CLOROX CO (CLX) WeeklyDates in the future with the highest probability for price direction reversals
CLX - Rising TriangleCLX 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
CLX - Upward Neckline H&S formation short from $136.83 to $122.3CLX seems breaking down from an upward neckline H&S formation. On the weekly frame it also testing the support area from where it broken down before.
* Trade Criteria *
Date First Found- June 27, 2017
Pattern/Why- Upward Neckline H&S formation
Entry Target Criteria- Break of $136.83
Exit Target Criteria- $122.33
Stop Loss Criteria- $142.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLX - Double top formation short from $135.23 to $113.13CLX is testing a resistance label from where it previously had a sharp decline. It also seems forming Adam & Eve double top formation.
It also has Over 10 million reported insider selling. Overall it is an interesting short setup & we think it can decline down to 113 area.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLX: Short a new daily lowCLX offers a very tight stop loss short here. We can enter on a drop under today's low, with a stop at today's high and aim for a retest of the recent lows before this rally.
Good luck if you take it,
Ivan Labrie.
CLX: Clorox bleeding cash, structural shortI 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 this company, with only a 1% earnings yield, a 1.2% free cash flow yield, and falling free cash flow and after tax margins.
Good luck if taking it.
Ivan Labrie.
CLX earnings & swing tradeCLX earning looking good with historical value.
Price broken through 2 layers of support and reaching a 3rd.
Long position for earnings and in case of S/L skip, remaining long back into channel.
Long position:
Risk: 1.5-2.5% according to apetite. $115.00 S/L.
Reward: 10% reward potential. $130.00 will take a 50% partial
