Nov. 14 at 3:47 AM
$CLX is currently experiencing bearish momentum, as indicated by the last close of
$104.27, which is near the 60D low of
$104.09. The RSI at 21.84 suggests that the stock is oversold, potentially indicating a reversal opportunity, but the overall trend remains weak. The MA30 at
$114.48 and MA50 at
$118.1 are both significantly above the current price, reinforcing the bearish sentiment.
For a trade plan, consider entering a long position if the price breaks above the MA30, ideally around
$105.50. Set a stop loss at
$103.50 to manage risk. Target 1 can be set at
$110, aligning with a potential retracement towards the MA30, while Target 2 can be set at
$114, approaching the MA50.
Monitor the RSI for signs of recovery as a confirmation for the bullish reversal.
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