(CLX) Technical Pivots with Risk Controls

December 11, 2024, 17:48 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CLX

• Buy CLX near 159.2 target 172.17 stop loss @ 158.74 Details

The technical summary data tells us to buy CLX near 159.2 with an upside target of 172.17. This data also tells us to set a stop loss @ 158.74 to protect against excessive loss in case the stock begins to move against the trade. 159.2 is the first level of support below 164.66 , and by rule, any test of support is a buy signal. In this case, support 159.2 is being tested, a buy signal would exist.

• Short CLX slightly under 172.17, target 159.2, stop loss @ 172.67 Details

The technical summary data is suggesting a short of CLX as it gets near 172.17 with a downside target of 159.2. We should have a stop loss in place at 172.67though. 172.17 is the first level of resistance above 164.66, and by rule, any test of resistance is a short signal. In this case, if resistance 172.17 is being tested, a short signal would exist.

Swing Trading Plans for CLX

• Buy CLX slightly over 166.14, target 169.18, Stop Loss @ 165.66 Details

If 166.14 begins to break higher, the technical summary data tells us to buy CLX just slightly over 166.14, with an upside target of 169.18. The data also tells us to set a stop loss @ 165.66 in case the stock turns against the trade. 166.14 is the first level of resistance above 164.66, and by rule, any break above resistance is a buy signal. In this case, 166.14, 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 166.14, target 159.2, Stop Loss @ 166.62. Details

The technical summary data is suggesting a short of CLX if it tests 166.14 with a downside target of 159.2. We should have a stop loss in place at 166.62 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, 166.14, 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 165.63, target 166.14, Stop Loss @ 165.24 Details

If 165.63 begins to break higher, the technical summary data tells us to buy CLX just slightly over 165.63, with an upside target of 166.14. The data also tells us to set a stop loss @ 165.24 in case the stock turns against the trade. 165.63 is the first level of resistance above 164.66, and by rule, any break above resistance is a buy signal. In this case, 165.63, 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 165.63, target 159.2, Stop Loss @ 166.02. Details

The technical summary data is suggesting a short of CLX if it tests 165.63 with a downside target of 159.2. We should have a stop loss in place at 166.02 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, 165.63, 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 December 11:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	146.2
P2	165.63	166.14	159.2
P3	167.67	169.18	172.17

AI Generated Signals for CLX

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The technical pivots for Clorox Company (the) (NYSE: CLX) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CLX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CLX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CLX too.  All of these are offered below the Summary Table.