COLPAL – Falling Channel Support Reversal | 4.6% Upside Room

Colgate (COLPAL) has been moving inside a falling channel for the past few months — creating lower highs and lower lows.

🔴 Red circles = Every time price hits the upper trendline, sellers push it down
🟢 Green circles = Every time price reaches the lower trendline, buyers step in

This confirms the channel is strong and valid.

Now the stock has:

Taken support again at the lower trendline

Formed a bullish reversal candle

Started moving upward from this support