Colgate-Palmolive Trading Analysis (10/04/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator. The entry point at the truncated C is forming.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downtrend truncated structure.

Stop-Loss at 87.14.

Target price levels at 88.60 and 90.20.

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