$CHD ready to move higher after breaking out of ~17 month base?
* Excellent earnings quarter over quarter
* Very strong up trend on the monthly time frame
* High relative strength of 2.75 in the Consumer Defensive sector
* Pays out a quarterly dividend
* Breaking out a ~17 month base
* Both monthly and weekly candles show a large bullish hammer candle
* The weekly chart used the base resistance of $97.53 as support and mad a very strong move higher on earnings today
Trade Idea:
* Now's a great time to enter as the price is just breaking back higher.
* Held up very well during a massive correction.
* If you're looking for a better entry you can look for opportunities near the $100.7 area as that should serve as a temporary support level.
* Very strong up trend on the monthly time frame
* High relative strength of 2.75 in the Consumer Defensive sector
* Pays out a quarterly dividend
* Breaking out a ~17 month base
* Both monthly and weekly candles show a large bullish hammer candle
* The weekly chart used the base resistance of $97.53 as support and mad a very strong move higher on earnings today
Trade Idea:
* Now's a great time to enter as the price is just breaking back higher.
* Held up very well during a massive correction.
* If you're looking for a better entry you can look for opportunities near the $100.7 area as that should serve as a temporary support level.