0I0J trade ideas
$CLX Head and Shoulders A measured move to the area surrounding $120 is not out of the question. Greater bearish potential exists.
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.)
LongThese are the reasons why I like clorox:
As you can see the stock is at a strong support line so i am expecting a bounce. This point was very valuable when the stock bounced two times at that resistance level last year so i am expecting the same thing tomorow. Not only the stock is at a great support level but the candle of friday shows indecision and in my book indecision after a strong down move means a reversal. That means that bears start to loose strength to continue this downtrend move. Finally, the stock just stopped at the 50 MA so this is very strong. So nice long term support level, great little indecision candle and the stock is at an other strong support level ( MA50).
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
Clorox (CLX)Interesting stock for conservative investors.
Strong market share in several midsize categories.
Price is in the area of different types of support.Judging by the accuracy of bounces, the upper boundary of the Cloud can be used as a stop line.
