COLGATE PALMOLIVE - CL
Monthly chart shows increasing selling pressure. Look to see if there will be any sign of support off the key LIS and prior high at $66.75, which also happens to be a .382 fib level. 
Daily chart shows bears came out in force at the open of Friday's trading session, and sold off heavily into the close. A test of the key LIS ( will "old resistance become new support"?) at $66.75 is likely.
Sunday, June 22, 2008
CL Analysis for 06.22.2008
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