A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Traders are watching Colgate-Palmolive (CL) as price action tightens. Currently at $90.08, the asset is showing downward momentum (-0.3%). Algorithmically, a Rounding Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $90.85, targeting $99.91 with support near $86.32 (R:R 2.0).
What is your outlook on CL?