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COLGATE-PALMOLIVE COCOLGATE-PALMOLIVE COCOLGATE-PALMOLIVE CO

COLGATE-PALMOLIVE CO

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CL trade ideas

Brushing its bearish correction away. Upside is back NYSE:CL is looking at a potential rebound to the upside after the stock actually broke above the falling wedge and has filled and trade beyond the bearish gap highlighted in the chart. Ichimoku is showing a clear bullish signal as the leading Span A and B will likely perform a crossover (Bullish twist). The stock also closed above the resistance turned support at 91.94, which confirms the smaller double bottom. Meanwhile, MACD histogram just turned positive and the signal line likely to perform a crossover at the bottom. Stochastic confirms the oversold and bullish divergence, which coincidentally, the 23-period ROC also did the same.
NYSE:CLLong
by William-trading
CL LONGNice breakout here on Colgate-Palmolive (NYSE:CL) with solid momentum in this low-resistance liquidity run. Saw an article highlighting the implied volatility spike, which caught my attention. Normally, I stay away from options chains on stocks like this, but with the volatility surge, I think we could see $100-$104 in the next 2 months. Despite a mixed Q3 2024 report, Colgate still managed to exceed top-line expectations, with a 2.4% revenue increase and a strong 6.8% organic sales growth. The company also delivered positive volume growth across every operating division for the second straight quarter. The implied volatility on the February 2025 $50 calls is particularly interesting, indicating traders are expecting a big move in either direction. I favor the upside based on technicals. Even though Colgate holds a Zack's Rank #3 (Hold) in the consumer staples sector, the fundamentals still show promise, and options traders are pricing in something significant.
NYSE:CLLong
by SPYDERMARKET
CL: mean reversion trade?A price action above 71.00 supports a bullish trend direction. Testing its 200-week simple moving average. A break above this pivot as well as its 200-day might change the sentiment to bullish. The target price is set at 79.00. The stop-loss price is set at 71.00. Increase long exposure for a break above 75.00, which is close to its 61.8% Fibonacci retracement level. The upward-trending Linear regression channel might hint at a bullish undertone. Recently the stock corrected from the lower range of the Linear Regression channel pattern, which increased the likelihood of a mean reversion trade. Earnings on 27 October remains a concern.
NYSE:CLLong
by Peet_Serfontein