Short term view - COLGATE - PALMOLIVE : The resistance has been passed.
The trend has been momentarily interrupted by a correction. It approaches the support at $72.0000, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at $79.1500. The invalidation level is below $72.0000.Arguments :
- The support is close.
- The resistance has been passed.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The rising moving average confirms our opinion.
Colgate-Palmolive manufactures and markets a variety of products in the United States and around the world. The company has two product segments: Oral, Personal and Home Care; and Pet Nutrition. Oral, Personal and Home Care products include toothpaste, toothbrushes and mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin care products, dishwashing detergents, fabric conditioners, household cleaners, and other similar items. Pet Nutrition products include specialty pet nutrition products manufactured and marketed by Hill's Pet Nutrition.
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