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[/et_pb_code][et_pb_text _builder_version=”4.8.1″ _module_preset=”default”]All right, good day, folks. Here we take a look at CL Colgate pomme of how can you not like a company like CL makers of fabuloso, mopping liquids, speed stick deodorant bars, soft soap, hand soap, and much, much more. So we’re taking a look at CL today, that is at an attractive level, both from a seasonal and technical perspective. If we take a look at our smart market scanner, here, you can see that we’ve got bullish trades basically lined up all the way through the end of the year, starting here in September, November and December. So we’ve got two, three months there of solid seasonal data coming into play, that gears is up going into historically bullish time of the year. Anyway, so looking at this from a technical perspective, you see from we are on the weekly chart over here on the left, daily chart on the right, if we look over here at the weekly, you see that we’ve have come down to this area of structure, basically where we kind of bottomed out and blasted off to these highs at 85. So 75 to 85, or $10 move, we’re back down to that area again today. Now as you can see, as we’ve traded down into this area, as you’ve probably seen with other analysis, we’ve traded down into this zone or this area of structure, we’re now getting one to three bottom signals as well as bullish divergence signals. Our last bearish signal was basically this top here in July, and we’re starting to get bullish divergence signals indicating that the market is potentially geared up to go higher and is doing so at an area of longer term structure. In addition, we’ve got our very reliable 123 bottom indicator that triggered today so you can see first targets are going to be up here is 79. Second targets are going to be up here at $81. So I do like this trade for a first target right up here into this 79 $80 range which also comes right here into the 200 day moving average. So I’m gonna see so we were extremely strong here in the markets today up 75 points about 1.7%. So we’ll see if we continue to get this strength that we saw today and the next handful of sessions. Either way, I like this trade here getting long around the 76 half level. I would like to see consecutive close here before running away. And I’ll look to then sell bull put credit spreads or buy at the money call options. Hope this helps and we’ll see you next update[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
