The plan details are on the chart. Short term, if CLX visits the 208 level and makes a double bottom on a smaller timeframe I will look to go long with a tight stop at 202. If 202 breaks, the bottom of a horizontal channel is at 194 which is where I would look t reload due to fib support and the 200 day moving average. The targes for longs of the first trade are...
As a long term dividend investor I'm watching Clorox to see if it bounces here. This area of support may prove to be a good place to add to the position if it holds. Just watching and waiting so far.
Clorox NYSE:CLX has really been selling off this month. The stock has dipped below its 100 day exponential moving average more than twice recently. I am going to see if CLX break below the 200 EMA. If so, then the key levels to watch might be that bearish turning point line, which was drawn using previous support levels.
Seeing this chart makes me wonder...Is...
As mentioned before, Clorox ( NYSE:CLX ) has been one of those steadily rising stocks that appear to be benefiting from the Coronavirus. Logically, it makes sense that a company like Clorox would do well during a time where sanitation is of the utmost importance. It's not surprising to see that CLX is on the rise, however, even rising stocks need to take a...
CLX closed strong after a nice 50 ema bounce. I'm taking the entry because I recently watched a representative from Clorox say that demand is so strong it will take them until 2022 to get caught up disinfectant wipes.
Show Me the Money! 31 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
The Clorox Company (CLX) is scheduled to report fourth-quarter fiscal 2020 results on Aug 3rd, before market open. In the last reported quarter, this sanitary chemical manufacturer delivered an earnings surprise of almost 10%. Moreover, it has been securing an earnings...
Entry within 3% of the chart demonstrated entry point. Anticipated this one to be the future market leader and may take 1/3 of the profits at 1R, 1/3 at 2R, 1/3 for the max possible return.
What is the support and resistance for Clorox Company (CLX) stock price?
CLX support price is $201.07 and resistance is $208.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLX stock...
The Clorox Company is one of the few companies, which profit from the current situation. This is the type of trade: the TA traders and fundamental based investors are looking for. It is in a healthy uptrend and we know that: they beat their earnings estimates, so fundamentals are strong.
Price bounced back from its current 195.8 support (purple box), with high...
I. Analysis
1. Stock in a healthy uptrend with swing lows either testing or getting close to the 50 MA
2. Price trading at the value zone - 50MA area
3. Strong bullish engulfing candle at this area - candle nearly 1,5x one ATR (14)
We have a trend giving up a long bias, price in a value area and a strong bullish engulfing providing us with a reliable entry...
CLX tested the 50% fibonacci retracement and quickly proceed to form a bullish engulf candle. With bullish divergence on the stochastic, time to long @ 198 with initial stop at 193 and looking scale out between 210 (recent hi) and 210 (127% fib extension).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do...
