CLX skyrocktingCLX through the coronavirus pandemic is up 34% on the year. The demand for the wipes is really high. The price could drop down to $204-202 price
1CLX trade ideas
Do you buy $CLX at ATH?Still not sure how much more we have to go here... though, at 4x price to sales, seems like it could move up.
$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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Clorox: $205+ Short Target + Continued BullrunFirst off, please don't take what I say seriously or as financial advice. This is on opinion basis (as always). That being said, let me get into a few insights. For some reason, the demand curve have been increasing dramatically for Clorox. Now, I can probably guess why. This same reason also looks like why analyst keep giving it a buy rating and it keeps going up. Clorox seems to be trending. My day trading target for a quick sell-off and profit turn over is $205.
The CLOROX beat the estimations $CLX$CLX has been rising since corona crash. Even though earning results beat the estimations yesterday, It couldn't break out the resistance which has been attempting for 3 weeks. RSI is above the trendline but hit the resistance ad pulled back yesterday. It matters if if it will stay above the trend or not. I would expect a pull back for some time before it will continue to rise up. First support is $187.99 where the gap will be filled as well.
As a longterm outlook; consumption of the cleaning materials is increasing all around the world and needs for them will continue after corona fear due to the habits people get used to
Update on Clorox this is just an update, after the market opening,.... check previous update for explanation
Clorox Company (CLX) Clorox Company will be releaseing earnings in a few hours.
As far as technicals, clorox has been in a decent uptrend
price has respected the lower trend line
It respected the fib level 38.2 fib
From a fundamental view standpoint, one would think with the coronavirus pandemic going on they should blow earnings out of the water....
Clorox Co [ NYSE: CLX ]Clorox Co
Pending Order Placement
Entry Placement 198.63
Take Profit Placement 213.82
Stop Loss Placement 188.50
Clorox is outperforming $SPY, $GLD, and BitcoinNot that there's any underlying correlation, but it's important to look at the comparable YTD performance of different assets over time.
Clorox is not only beating the S&P500 YTD, but Gold, and Bitcoin too. Talk about a store of wealth? Clorox wipes for my new 401k!
Here's a live stream covering this comparison, among others: www.tradingview.com
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 - Bearish & Bullish OutlookCLX forming the right shoulder which could end its current channel, however if CLX defends the trend line, then we can continue to move in this channel and eventually break upwards.
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
$CLX can rise in the next daysContextual immersion trading strategy idea.
The demand for The Clorox Company`s shares looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $181,58;
Information about take-profits and stop-loss 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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
CVX Round upCVX has pullback to its moving averages and held. Now looks like its beginning its rounding formation back to the recent highs. Target at $190 which is nearest resistance.
Markets Evaporate for Trend InvestorsThe available opportunities for trend investors evaporated virtually overnight when global markets plummeted from their 10-year equity high.
The abrupt decline adversely affects the investment strategy that I specifically designed to capture consistent market trends, and therefore the available short-term opportunities have severely reduced as we witness the first phase of a bear market.
Despite it being virtually impossible to gauge when markets are expected to develop a sustainable recovery, there are subtle indications based on the historical structure that help market participants identify opportunities ahead of time.
At present, I'm monitoring two companies a week in advance which consists of the Clorox Co and Kroger Co.
Clorox Co
In recent years Clorox Co has been range-bound between $145.00 and $166.00 dating back to 2018, this severely decreased the number of available opportunities; however, this year it's performed incredibly well, generating three positions and providing a combined 4.5% return on investment.
The coronavirus pandemic initiated a panic which catapulted the stock price, and as a result, the relevant indicators to validate the investment criteria have now aligned.
Kroger Co
The Kroger Co has generated two positions this year, providing a sub-par 0.5% return on investment; however, it's important we employ consistency, and therefore if price-action closes below $31.20 before the end of this week a pending order will be implemented at the beginning of next week.
The current unpredictable market conditions make it incredibly difficult to forecast; however, I'll continue to update the blog to ensure market participants have the optimal edge in such uncertain times.
CLX Long target 218i have no doubt that people will continue buying CLX products and sanitizers for at least 5 month till august or Nov
wait for price action and go long
