The montly chart shows a potential 5 waves up into a slightly higher high at $69.36. Price action for the month of August 2007 shows a potential hammer forming off the support of the 50sma.
The weekly chart shows a 3 wave abc pattern into .786 fib level, creating a bullish butterfly pattern.
The daily chart shows a double bottom and a J hook pattern forming, with buyers stepping back intothe stock, and taking it close above both the 8ema and the 34ema.
Saturday, August 25, 2007
CLX Analysis for 08.25.2007
Posted by TraderZ at 8/25/2007 04:27:00 PM
Labels: CLX
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