4CL trade ideas
PAY of COLGATE-PALMOLIVE COHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. COLGATE-PAMOLIVE CO is in an important moment, it is likely that breaks its stabilization zone with force.
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CL in a key level right now .NYSE:CL is in a key level right now and what will happen today or the few next days would be decisive for this stock .If price drops and closes significantly below the 70 level it is likely to continue dropping to around the 66 levels .If price increases significantly and closes above the 71.5 levels , a rise to around the 74 area is to be expected .
Colgate-Palmolive: Strong 5 year investment for 100% return.CL is testing this week its All Time High level making a strong monthly jump which turned the 1D chart overbought (RSI = 76.424). No matter how odd this can be on the short/ medium term, this long term pattern is in the stock's favor as the MACD on the 1M chart has formed a very bullish pattern, which is an indication of a bottom and the start of a very aggressive multi-year Bull Cycle.
Last time this formation emerged was in 2008 - 2010 during and at the end of the 2007 Subprime mortgage crisis. We are turning strongly bullish on Colgate Palmolive aiming at around +100% on investment.
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