Colgate-Palmolive Company (NYSE) analysis, chart, and trading idea

#CL

The trend is descending. The ascendant wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave pattern is formed, where wave (A) breaches the inclined channel of the ascending wave pattern.

Stop Loss is 76.11.

Target levels: 72.00; 70.18.