Colgate-Palmolive Trading Analysis (18/09/2024)

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМА.The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downtrend truncated structure.
• Stop-loss at 104.20.
• Price targets at 106.40 and 109.00.

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