Colgate-Palm Trade setup for 23-August-2022
A very good breakout from the 1560-1580 levels.
Since the breakout was a large candle, dont expect a major move today. Since 1600 being a round level, if it penetrates that level, then the stock can see a good upside. The stock might hover around in that area(1600 levels) for some time.
Since the 1620 level has been tested couple of times with massive pull backs, this time one of the following could happen:
1. the pull back should be small(from 1620 to 1600) and then it could get past 1630.
2. there is no pull back.
Since the breakout was a large candle, dont expect a major move today. Since 1600 being a round level, if it penetrates that level, then the stock can see a good upside. The stock might hover around in that area(1600 levels) for some time.
Since the 1620 level has been tested couple of times with massive pull backs, this time one of the following could happen:
1. the pull back should be small(from 1620 to 1600) and then it could get past 1630.
2. there is no pull back.
Nota
Everytime it hits the round level, the size of the drop has been reducing, this time the price should be able to breach the round level and form a new range.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.