A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Colgate-Palmolive (CL) reveals a significant setup. Price has moved to $89.48 (-1.21%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. The trend indicator is reading 3.5/100, suggesting moderate momentum. A potential breakout level is identified at $92.29, targeting $100.28 with support near $85.1 (R:R 1.11).
What is your outlook on CL?