User: Violet: Retail: slopechart_CLX.jpg

slopechart_CLX.jpg

CLX defied yesterday's bearish engulfing candle to close its gap. Could well be a second chance to short.

Image added via SlopeCharts
slopechart_CLX.jpg

Comments

LZLZ
I went through XLP, most of it is bashed up except for tobacco (MO and PM), Kroger, WMT, COST, KO. Big money managers that cannot go short hiding in Big Names that are overvalued. Aside from tobacco maybe, but given the vertical moves in those and KO, I wonder about them too. 2/25/25
MullyMully
Why do you call that engulfing? The red candle is contained within the body of the preceding candle. Is there a 'reverse' definition with which I'm not familiar? (That would be the most likely explanation.) 2/25/25
VioletViolet
You are so right, Mully; my bad. Bearish Harami candle, not engulfing. 2/25/25
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