$CLX - Will you load at this level?NYSE:CLX is up against critical resistance. If it can close above that resistance, it could see further upside.
The oscillators are turning up, pointing to rising momentum.
The ideal entry would be around the $144 support area and below.
As always, I’m sharing my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
CLX trade ideas
CLX to $157My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price in channel zones below bottom of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under bottom of Bollinger Band
Price at 3.618 Fibonacci level
Entry at $147
Target is $157 or channel top
Clorox ( Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Clorox ( Extended Hours)
- Double Formation
* A+ Set Up | Uptrend Bias | Subdivision 1
* Neckline Range Structure At 135.00 USD
- Triple Formation
* Retracement 1&0 | Uptrend Continuation | Subdivision 2
* Flag Structure | Long Set Up| 185.00 USD
* Trend, Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Good SupportWhat a fall! From 147 to 137!
But now we've reached a good support. This is not only the January low but was also several times tested since February 2022 where it always proved to be a valid support.
In December 2022 till January 2023 it resulted in a 5 month lasting uptrend.
I think that we will see a certain support here as well at least,
Handle EmergingWith its bottom on November 11th we can see a cup bottoming sharply and reminding almost already at a V-formation. Nevertheless there is a long handle from end November until end January that had been exceeded and is to be retested now.
Of course the price may come back to the top of the handle but in respect of the deep cup there is a chance of a large gain that may justify an entry now already with the chance of an additional long entry later on.
CLOROX, 2ND CHANCE TO ENTRY FOR FLY HIGHBismillahirrahmanirrahiim
CLRX have a big potential to bull over. If the setup correctly done, we can gain up to R4. This is the reason on why i keep exciting on telling why CRX will bullish.
1. Strong uptrend in Weekly
2. Price retest demand and test Low BB
3. There are Bullish Divergence
4. Candlestick Compression Signal
5. Significant volume
Lets Go!!
Clorox Looks Like a Buy After Massive Sell OffInvestorPlace published a list of stocks to GET OUT NOW and Clorox had a sell off which is currently bouncing perfectly from the .618 Fib retracement
Money Flow is coming higher and momentum waves have printed a bullish divergence, looks like a long position is in order
NYSE:CLX
Applying the Alligator Method to $CLX: A Bullish Signal for TradThe Alligator method is a technical analysis tool that uses three smoothed moving averages to identify trends and potential trading opportunities. The three lines represent different time frames, with the green line (the lips) being the shortest, the red line (the teeth) being the intermediate, and the blue line (the jaws) being the longest. When the lines converge and then diverge, it signals a potential trend reversal or breakout in the direction of the new trend. The method is named after its creator, Bill Williams, who believed that markets exhibit a fractal structure and that traders can benefit from understanding and adapting to this structure.
In the case of NYSE:CLX (Clorox Company), the Alligator method is indicating a bullish pattern with the support level at 168 acting as a floor for the stock's price. This means that there may be potential buying opportunities for traders who are looking to capitalize on the bullish trend.
CLX is a short. 3.7% risk for >7% profit1. previously have failed the 150-151 resistance 5 times, could work again.
2. short term extended. 25% above low.
3. big earning drop and no-reason bounce with the market.
4. Fundamental deteriorating, earning, sales, margin all dropping. Yet PE still high at 32.
5. Institutional support is dwindling
CLX LongThe most recent daily candle tested the upper bound of the symmetrical triangle and closed above the .38 Fibonacci level.
The 13 day FI crossed 0 on 9/6 signaling a positive trend.
On the ADX D+ crossed D- indicating an upturn in price trend.
The MACD is setup for a cross which is a buy signal.
OBV confirms the current trend.
2 X ATR Stop $141.02
Target: $165.02 (Prior gap down level)
CLX Forming a Inverse Head and Shoulder Reversal Current Situation:
Recent Profit: Very Good
RSI14: Bullish NYSE:CLX
ADX: Neutral
DMI Movement: Bullish
Price is Above EMA20 and EMA50: Bullish Short term
Trigger and Action:
Buy near 153 because break of Neckline resistance, break of EMA100 Resistance, EMA20 crosses up EMA50 and probable ADX hits 20.
5/11/22 CLXClorox Company (The) ( NYSE:CLX )
Sector: Consumer Non-Durables (Household/Personal Care)
Market Capitalization: $19.376B
Current Price: $156.23
Breakout price: $158.60
Buy Zone (Top/Bottom Range): $153.50-$145.30
Price Target: $162.40-$165.10 (1st), $173.20-$176.00 (2nd)
Estimated Duration to Target: 44-47d (1st), 97-101d (2nd)
Contract of Interest: $CLX 6/17/22 160c, $CLX 7/15/22 165c
Trade price as of publish date: $4.60/contract, $4.30/contract
Clorox lays off the Chlorine. CLXWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe