CL trade ideas
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.
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Colgate repeating channelColgate has produced a repeating pattern, a channel that will most probably lead to a bearish break.
CL to 70 or 66The grinding down has stopped for now. CL caught it’s self approaching the 14/30 Sma. If it gets over the 14(yellow) we will see it suck to at least 70. If not and can’t break that line we will see at least 66.50 look for long entry around then too.
Colgate-Palmolive - New Downtrend!CL has been downtrending in OBV, RSI.
Today CL broke its 200SMA. Which is a technical tool large institutions use to short positions.
On a weekly chart, we are now resting on top the 50SMA. If we can't get a some support there, I expect CL to drop to $64.
Very Short Term ShortColgate Palmolive is shoving a declining Bollinger Band, and considering that it's negative momentum is slowing, you will have to be a bit optimistic and know a bit about CO's fundamentals to fully short.
CL Tests 6 Month SupportCL has reached its 6 Month Support Level at $69. Project long term short trading down to $63.
CL STRUCTURE This chart is set up to go lower, in my opinion.
+READING CHARTS IS LIKE READING MUSIC
+PHYSICS AND CHART READING
+LEVERAGE and STRUCTURAL ENGINEERING IN PLAY
Colgate-Palmolive (CL) In the September period CL reported disappointing results. The overall sales were of 3.85 billion and earning of 0.60 per share.
For the 2019 we belive that the company, with strategic actions in effective pricing, product innovations and cost reduction should lead a better performance in this year.
Earning per share in 2019 could reach 3.05 $ with a total sales in line at 15.550 dollars.
Total net debt at 6.6 billion, and annualy profit at 2.3 billion
CL 2 MONTH SYMMETRICAL TRIANGLECL 2 MONTH REVERSAL SYMMETRICAL TRIANGLE IS FORMED.
BUY: 64
TAKE PROFIT: 58
STOP LOSS:63
Colgate-Palmolive Short Opportunity Risk/Reward Ratio 2.25Colgate-Palmolive CL Short Opportunity Risk/Reward Ratio 2.25
On the weekly chart we see the powerful downtrend
and we see a reversal on daily chart
Risk/Reward Ratio 2.25
Entry 63.22
Stop Loss 64.86
Take Profits 59.5
CL ShortCL's gap-filling pullback attempt trend line has been broken.
Shorting at 62, target of 58.
Weekly chart exhibiting new down trend.
Classic Converging triangle into E. Best played with a Straddle.This pattern almost always results in a Breakout either up or down. When you play with a STRADDLE you can usually make money.
Colgate Pattern TradeWaiting for retracement at around $67. There is confluence of
- Triangle trendline support,
- 50MA,
- Key Fibo level
- Golden Cross
- All 3 key indicators are also bullish
Will execute only with Bullish Pinbar on support. Look out for updates..
