Bearish CrabWell measured bearish crab with bearish divergence. You can really see the momentum starting to shift with the strong divergence between price and the volume weighted MACD histogram.
CHD trade ideas
CHD - potential short oppPlaying around with some new screener tools lets see if i can find anything profitable
CHD- Upward channel breakdown short from $49.32 to $48.25CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here.
* Trade Criteria *
Date First Found- May 1st, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $49.32
Exit Target Criteria- $48.25
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CHD high probability of bearish rounding top formingAfter a string of higher highs and higher lows in quick succession to one another the price has begun to go sideways with shallower moves upwards and deeper moves downward.
A break below recent lows would certainly confirm a very high probability of a retrace back to the 0.382 fib which also lines up with longer term price support and would result in a lower low as well.
DYOR
CHD Church & Dwight distribution$CHD looks like it's being trimmed on the up moves. See Excess Demand Supply signals. I will be trimming back and trailing up. Should not drop until the green "A" flips to a red "D". At that time (if other signals have not flipped green) Supply signals 1 thru 5 will be in alignment. Then I'll pull the trim trigger. Technical resistance above is at the $91 +/- zone. I am very confident it does not get through for many months. Perhaps over a year after this gigantic run. Support in the mid - high $70's. This is a great company. Rock solid. Old timer. I still want the dividend but I see the high probability of lower prices in the months ahead. Therefore, I will set resting buy orders to scale in the mid $70's. Just my thoughts. kilo1romeo.
CHD Daily. Short order at, breakdown price.CHD Daily.
5' Wolfe wave potential pattern.
Sits on key support rising Wedge 5/9/13 uptrend_line and rising 200 sma.
Oversold Bounce is possible, from current price within Wedge.
Diagonal Line(potential profit target) not crossing 4 point, but front-run a bit higher on multiple rejections,
convergence with 3 point diagonal and Channel upper bound.
1-4 Line, crossing Channel lower bound potential projection at 57.70.
Vs S&P500 breaking down.
OBV weak, lower horizontal level.
Short order, at breakout at price 65.89
Stop is put bit higher above trend_line to consider a bounce rally to the underbelly of the pattern.
Setup is in place for a specific period of time. Readjusting IF and when price breaks down from Wedge.
Targets :
65.06
61.90
CHD Target 81Technical :
From the weekly chart for the last 23 years CHD , CHD continues to make higher highs , and tend to be above MA50 weekly . Price CHD in 1991 was in the range of $ 2 per share , while the current $ 66 per share , or within 23 years of riding 33X folding .
Fundamental :
While EBITDA CHD itself up from just 75 million USD in 2000 to the current 705 million USD , up 8.4 x fold . Currently TTM EPS is 2.71 means CHD CHD rewarded with a PE of 24.46 x . With the average - average growth of CHD by 20 % , I think PE 24x is still relatively cheap . And CHD could be rewarded with a 30x PE or $ 81 per share . (1 Year target PRice $81)
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