EL - Estee Lauder Cos: Is the end of the capitulation?up +5%.
I am buying right now, right here after this bounce of +5%.
no more than 5% to 7% of my portfolio.
I know that the stock has been completely decimated, they have high levels of debt, their profit margins have decreased from 6.9% to 4.2%, insiders have recently sold, and the dividend is not well-covered by the cash flow.
However, I have confidence in this technical rebound before the earnings announcement in 6 days.
Wish me luck, and I hope the dividend will cover the potential losses, lol.
Household
PROCTER & GAMBLE Rejection approaching. Expect ~$140.Procter & Gamble (PG) has been on a relentless +23% 2-month rally (since October 10), breaking above all possible MA levels: the 1D MA50 (blue trend-line), the 1D MA100 (green trend-line) and the 1D MA200 (orange trend-line). Today it even broke above the August 16 High, the technical Resistance, making the first Higher High after breaking above the 2022 Falling Wedge pattern.
However despite the bullishness and us being long-term buyers on PG, we see the price approaching a level, which based on previous similar patterns, provided a sizeable medium-term pull-back.
That is the RSI on the 1W time-frame which has entered a Zone (red) that since December 2015 makes the price drop to (just below) its 0.382 Fibonacci retracement level. In January 2016, it found support on the 1D MA100, in October 2018 just below the 1D MA100 and 1D MA200 and in May 2020 some way below the 1D MA50.
At the moment the lowest MA is the MA50 but until the pull-back takes the stock lower, we expect the MA100 to be lower and quite possibly on or a little below the 0.382 Fibonacci, assuming this rally gets exhausted a little higher e.g. 153.00. This translates into a 0.382 Fib at 141.20, which makes $140 a fair pull-back price to buy for the next long-term wave to test the 165.40 All Time High Resistance.
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5/11/22 CLXClorox 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 6/17/22 160c, $CLX 7/15/22 165c
Trade price as of publish date: $4.60/contract, $4.30/contract
Colgate-Palmolive CompanyHousehold goods. Cold winter coming. Holiday travel. Those family members you don't want visiting will need toothpaste and you will need dishwashing liquid for those thanksgiving plates lol. Seriously, I like household goods for this time of year seeing how people will be in the warmth of their homes. How does a household name sound for household goods? People like great value and some use walmart to find that. I'm sure you can find some $CL products somewhere out here in your local stores for your convenience. Is that a w pattern setting up? I'd like to see price retrace the previous high over time. I do think this price is pretty high..I'm moreso using catalysts here versus valuation to be honest. I never said I was an advisor. I just like charts.
$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.
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