Trading (CLX) With Integrated Risk Controls

October 18, 2024, 22:44 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CLX

• Buy CLX near 152.17 target 164.71 stop loss @ 151.73 Details

The technical summary data tells us to buy CLX near 152.17 with an upside target of 164.71. This data also tells us to set a stop loss @ 151.73 to protect against excessive loss in case the stock begins to move against the trade. 152.17 is the first level of support below 161.96 , and by rule, any test of support is a buy signal. In this case, support 152.17 is being tested, a buy signal would exist.

• Short CLX slightly under 164.71, target 152.17, stop loss @ 165.19 Details

The technical summary data is suggesting a short of CLX as it gets near 164.71 with a downside target of 152.17. We should have a stop loss in place at 165.19though. 164.71 is the first level of resistance above 161.96, and by rule, any test of resistance is a short signal. In this case, if resistance 164.71 is being tested, a short signal would exist.

Swing Trading Plans for CLX

• Buy CLX slightly over 163.35, target 164.71, Stop Loss @ 162.88 Details

If 163.35 begins to break higher, the technical summary data tells us to buy CLX just slightly over 163.35, with an upside target of 164.71. The data also tells us to set a stop loss @ 162.88 in case the stock turns against the trade. 163.35 is the first level of resistance above 161.96, and by rule, any break above resistance is a buy signal. In this case, 163.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CLX slightly near 163.35, target 159.39, Stop Loss @ 163.82. Details

The technical summary data is suggesting a short of CLX if it tests 163.35 with a downside target of 159.39. We should have a stop loss in place at 163.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 163.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CLX

• Buy CLX slightly over 162.9, target 163.35, Stop Loss @ 162.52 Details

If 162.9 begins to break higher, the technical summary data tells us to buy CLX just slightly over 162.9, with an upside target of 163.35. The data also tells us to set a stop loss @ 162.52 in case the stock turns against the trade. 162.9 is the first level of resistance above 161.96, and by rule, any break above resistance is a buy signal. In this case, 162.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CLX slightly near 162.9, target 159.39, Stop Loss @ 163.28. Details

The technical summary data is suggesting a short of CLX if it tests 162.9 with a downside target of 159.39. We should have a stop loss in place at 163.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 162.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Clorox Company (the) (CLX) available here: CLX.

CLX Ratings for October 18:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	139.39
P2	162.9	159.39	152.17
P3	164.68	163.35	164.71

AI Generated Signals for CLX

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