Clorox gathers positive momentum - Analysis - 30-11-2022

Clorox Company's stock (CLX) skidded in the intraday levels while gathering momentum to rise anew, amid negative signals from the RSI after reaching overbought levels, amid positive support from the 50-day SMA, while buoyed by piercing the downward short-term trend line recently. 

Therefore we expect the stock to return higher, targeting the resistance of 160.60, provided the support of 138.61 holds on.

Expected trend for today: Bullish