CL has broken a key level ,it is likely to drop further.NYSE:CL has broken a key level , it is very likely to drop to around 66 area .Maybe even lower , IF it closes considerably below the 66 area in the future.
Colgatepalmolive
colgate chart -in correction mode...colgate has been moving in perfect classical pattern...it is taking support around 48 EMA if we see it on candlestick chart......so perfect buying time near that zone if it comes to that level...
CL in a key level right now .NYSE:CL is in a key level right now and what will happen today or the few next days would be decisive for this stock .If price drops and closes significantly below the 70 level it is likely to continue dropping to around the 66 levels .If price increases significantly and closes above the 71.5 levels , a rise to around the 74 area is to be expected .
Colgate Looks Weak (Short)FMCG giant COlgate Looks Weak
Bearish Flag Under Construction
If Breaks Below Flag Fresh Downside till the target Area is expected Stop Above the EMA
Do Your Own Analysis Before Taking Position
Colgate-Palmolive: Strong 5 year investment for 100% return.CL is testing this week its All Time High level making a strong monthly jump which turned the 1D chart overbought (RSI = 76.424). No matter how odd this can be on the short/ medium term, this long term pattern is in the stock's favor as the MACD on the 1M chart has formed a very bullish pattern, which is an indication of a bottom and the start of a very aggressive multi-year Bull Cycle.
Last time this formation emerged was in 2008 - 2010 during and at the end of the 2007 Subprime mortgage crisis. We are turning strongly bullish on Colgate Palmolive aiming at around +100% on investment.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
