Today we will analyze the stock COLGATE PALMOLIVE COMPANY (CL.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in COLGATE PALMOLIVE COMPANY (CL.BA)
1- Last bearish trend was from 96.80 $ (7/6/2009) to 93.70 $ (7/30/2009) a 3.10 $ move 2- The current bullish trend started from 93.70 $ at 7/30/2009 and is currently trading at 141.60 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
COLGATE PALMOLIVE COMPANY (CL.BA) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bullish stock channel identifed by support at 93.700 and 74.050,resistance between 96.800 and 80.750 which was broken up at 141.600.
COLGATE PALMOLIVE COMPANY (CL.BA) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 80.750 that failed, and formed a support .
6- The Stock was supported by a support line, identified by two points: 74.050 and 67.500, and is currently supporting at 88.788.
COLGATE PALMOLIVE COMPANY (CL.BA) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 67.500 and 72.400,resistance between 80.400 and 84.400 which was broken up at 76.000.

Stock Trading Conclusion:
COLGATE PALMOLIVE COMPANY (CL.BA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : .
Stock Support levels : 130.30, 123.30, 117.65, 112.00, 107.50, 93.70, 88.79, 81.63,.