CLX trade ideas
CLX - Clorox - Daily & Weekly Setup - Buyzone, CAD, TargetsCLX
BUYZONE = 186-180
Cost Avg Down (CAD) = 165-170
1st target = 192
2nd Target = 236fib 196
3rd Target = 382fib 204
HODL Target = ATH
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$CLX with a bearish outlook following its earnings #BeststocksThe PEAD Projected a bearish outlook for $CLX after a negative under reaction following its earnings release placing the stock in Drift D
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Has Rock Bottom Been Hit?Buy Buy Buy is what this chart tells me, and heres why!
BUY signal on the Guth 3x confirm!
Growing bullish divergence as indicated by green shadow from D+
RSI RSI RSI 24.18 ( extremely underBOUGHT )
MACD or OMG because it is at an extreme low point with growing bullish volume! The start of an uptrend is here1
Bullish on $CLX weekly demand zone$CLX is near a weekly demand level (last level of support). Stock has room to 205 (1hr supply zone) with gap to fill at 200 on the way up. Earnings is why it dropped but good names dont stay down for long. currently in Feb 19 205 calls
**This is just my OPINION and my personal trade analysis.**
ABC BullishLarge effetive voume and a poket pivot yesterday and today..
Possible pull back but who knows?? Monthly candle is a doji/important to get a good long entry level unless you have a money tree in the backyard like our government does (o:
A pocket pivot is a price/volume pattern. We say todays price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Stop under C or last pivot low..
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution..
This is just a screener that looks for smart money/large player price action. They do not always, in fact rarely, enter at a good entry point..lol..but I take heed then wait to find a decent long entry if I like the stock..I guess they are in for the long term and could have been in for years. It is also not their money they are buying it with as a rule..
LEV: Above Rising 20 SMA: The red Large Effective Volume line should be above a rising 20 day average. This filters for a rising large player EV line.
Acc/Dist: 5DER > 3%: The daily average ratio in the last 5 days should be above 3%. This means that on average, during the last 5 days, the percentage of the volume accumulated by large players is at least 3%.
Pocket Pivot: At least 1 PP in last 5 days: there should be at least one pocket pivot in the last 5 days. This may be a bit confusing, because this will require at least one pocket pivot in the previous days, not counting the one today. Although, after the end of the day, the pocket pivot from today will count.
Signal: Pocket Pivot Today: there should be a pocket pivot on the last/current trading day.
What else is on this screen today: MCY, MAX, FOXA, PHG, FCEL, BGB, IRM, AMWL, SPHD, FREL, RXT, T, HYD, HYLN, EBND...just sharing this screen..
Not a recommendation,
CLX Move Above 20-Day and Gap Fill CLX saw a pretty large dip on vaccine news and in my opinion was slightly overdone. They recently reported very strong earnings and continue to not be able to keep up with demand. I also do not think demand will slow for at least the next several months. We are looking for a move above the 20-day moving average to move towards 50-day/fill the gap in the $211.50-$212.50 range. We do feel it should have enough momentum to breakthrough these levels and will have $220 in sight.
CLX Bullish Swing - OverreactionI read in a Barrons article that this Clorox dip was likely unjustified - and I have to agree. This company has shown solid financials, and an increasing profit margin for not one quarter but actually a few years.
This is a riskier play but the reward is there - this likely could bounce back up with any bad news regarding the COVID vaccine.
If it starts heading lower, I would sell and wait for a better time to re-enter.
$CLX with a Neutral outlook after positive earnings$CLX posted better than expected earnings with the PEAD projecting a neutral outlook for the stock with it currently trading on the upper boundary of the PEAD cone.
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