Will Clorox Clean Into New Sanitize Territory?

11 May 2020

* Comments and Likes are appreciated *

What I see...
+ Contrary to a mid-March slump like 99% of stocks, Clorox spiked up and quickly retraced to form an inverted 'v' shape in a week
+ Prices have been slowly creeping up to test the $200 range and retrested
+ It broke above $200 last week painted multiple NR3 bars
+ Friday's bar was a NR7 and NR3 combo! with retracting vol.
+ MACD is bullish
+ RSI is closing in on over-bought territory at 66

- Prices got pulled far away from 10MA
- Long upper shadow formed from mid-March's spike, well into the $210 territory
- RSI is at 66
- Narrow range bars last week all had upper shadows

What I setup...
+ Long entry above $206
- Stop at low of channel
+ Target at 618 Fib
:: I may keep this one longer than 1 week

12 May 2020

İşlem aktif

Long entry triggered

17 May 2020

İşlem aktif

Moved Stop to 203.88

18 May 2020

İşlem kapandı: durdurma seviyesi

Stopped out today; -0.38R