colgate analysis
COLGATE-PALM ANALYSIS
Time Frame Analysis:
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Monthly: If the Previous low (1547.05) is taken out then we can yes Downtrend begins.
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly: Symmeterric Pattern.
Daily: Ascending Pattern.
Price & Volume relation:
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Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: Once Ascending triangle breakout (Daily) then we can enter with a small qty & once the monthly symmetric triangle pattern is taken out then we add more.
Time Frame Analysis:
--------------------
Monthly: If the Previous low (1547.05) is taken out then we can yes Downtrend begins.
Weekly: Downtrend
Daily: Downtrend
Pattern:
--------
Monthly: Symmeterric Pattern.
Daily: Ascending Pattern.
Price & Volume relation:
------------------------
Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: Once Ascending triangle breakout (Daily) then we can enter with a small qty & once the monthly symmetric triangle pattern is taken out then we add more.
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