CHD - Bearish Move Looking To Continue
Church & Dwight has been in a descending channel since early September immediately following a bearish divergence signal. The slow stochastic is showing that the stock may be getting ready to roll over again at the bearish resistance line of the channel.
The last time this stock began to pull back with the RSI & Stochastics at this level, the stock did not pull back enough to become oversold. It is possible the stock will not fall down to the support line so always be ready for a shallow move. The channel is the play until it no longer holds one way or the other.
The last time this stock began to pull back with the RSI & Stochastics at this level, the stock did not pull back enough to become oversold. It is possible the stock will not fall down to the support line so always be ready for a shallow move. The channel is the play until it no longer holds one way or the other.