1
Colgate stock price stuck within a narrow range consolidation.
2
CL stock price drops below the 50 day and 200 day EMAs.
3
Colgate Palmolive stock price struggles to defend the $72.00 support.
Colgate Palmolive (NYSE: CL) stock price slid down by 1.39% in the current month. It seems to be spending time within a narrow range consolidation zone for base formation.
Colgate stock price slipped below the 200 day and 50 day EMAs. However, it did not collapse much and continued trading within the range. The 200 day EMA is sloping sideways indicating that prices lack direction, because of which further consolidation is possible.
The CL stock price faced rejection and began correction. In mid-August, the CL stock price broke down the crucial support level of $74.00, which invited further decline. Previously, the stock had taken a support near the $70.00 to $72.00 range multiple times. Consequently, investors are expecting the repetition of
We współpracy z: https://www.thecoinrepublic.com/2023/09/25/colgate-stock-will-cl-stock-reverse-again-and-repeat-history/
