zukedu

CLX overextended and inverted hammer

Short
NYSE:CLX   Clorox Company (The)
Weekly analysis:
- Breakout at around 160 did not had any consolidation period. Notice the first breakout at 153.5 had some consolidation before. The second breakout at around 160 had long wicks and only took 2 weekly candles
- Stock is likely tired from the accelerated breakout attempt with almost no consolisation.
- Inverted hammer forming at resistance zone

Daily analysis:
- Inverted hammer at resistance around 160 with about x3 the normal volume
- 10 Green candles in a row. Stock has a high probability of being tired
- Price quite far from SMAs 50 and 100
- Not much resistance going down

Intraday analysis:
- 2 lower highers and lower lows on 27th Jan. Both highs had quite a long wick.
- After hours trading had a price spike but volume is quite insignificant. (Still slightly concerning)
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.