After 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...
$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 +/-...
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,...
Technical :
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...
