Trading idea for Colgate-Palmolive Company (NYSE)

#CL

The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss: 79.33.

Target levels: 76.35; 74.00.