One of the most stable and ostensibly boring stocks on the planet is Colgate-Palmolive, but I just shorted it. Why, you ask? Look at this beauty:
(Click on image to enlarge)
Topping pattern on symbol CL
If you look at the longer-term pattern, and the trendline break, I hope you find it equally intriguing.
(Click on image to enlarge)
Multi-decade view, including the long-term trendline
Comments
Log in or sign up to join the conversation.