This Colgate-palmolive (NYSE: CL) report helps #investors and #traders identify both opportunity, and potential #redflags by using the price action of the stock. The trading plans for CL have risk controls, and that make these observations both opportunistic and defensive, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Neutral | Neutral |
P1 | 0 | 0 | 77.93 |
P2 | 80.96 | 78.77 | 82.56 |
P3 | 81.71 | 80.71 | 87.13 |
Long Term Trading Plans for CL
May 3, 2021, 8:45 pm ET
The Technical Summary and Trading Plans for CL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CL Report.
CL - (Long) Support Plan
The technical summary data tells us to buy CL near 77.93 with an upside target of 82.56. This data also tells us to set a stop loss @ 77.7 to protect against excessive loss in case the stock begins to move against the trade. 77.93 is the first level of support below 81.07 , and by rule, any test of support is a buy signal. In this case, support 77.93 would be being tested, so a buy signal would exist.
CL - (Short) Resistance Plan
The technical summary data is suggesting a short of CL as it gets near 82.56 with a downside target of 77.93. We should have a stop loss in place at 82.8though. 82.56 is the first level of resistance above 81.07, and by rule, any test of resistance is a short signal. In this case, if resistance 82.56 is being tested, so a short signal would exist.