Clorox Reversing From Support

Clorox ([stock_quote symbol=”CLX”]), after taking a 20% dive from its previous high in July, found support around $112.50, which also corresponds to the lower boundary of a long-term rising channel, and is making what looks like a trend reversal to the upside. Taking a look at the longer term…

…you can see the channel, which dates back to November 2011. Of course, now the question is to see if the long term channel continues to hold, because a pattern remains a pattern…until it isn’t. 😉

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