Trade Idea for Colgate-Palmolive Company (NYSE)

Colgate-Palmolive Company (NYSE)

#CL

The trend is bullish. The stock is trading within the range of the 365 and 135 EMAs. The bearish wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on a breakout above 93.45.

Stop Loss – 91.42.

Target levels – 95.84; 97.80.