Tuesday, July 16, 2013

Colgate Short term Trade Idea

Looking for intraday trading Opportunity in this stock, I foresee 20-30 points up move in next 1-2day time horizon.

Action: Going Long

Reason

1.       5 day EMA crosses 20 day EMA (bullish Indicator).

2.       Trading above its 5 day EMA (Good Momentum to enter for intraday trade).

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