AVWAP Resistance in Action on Colpal

📉 Colgate Palmolive just showcased a classic rejection from the AVWAP resistance—an often underutilized tool that adds a powerful layer of price action clarity. 🔍 Technical Breakdown: Weekly Chart Insight: Price staged a decent pullback rally over the last several weeks, only to get rejected precisely near the AVWAP anchored from the swing top (red line). Sharp Rejection Candle: This week’s bearish engulfing candle after testing AVWAP suggests institutional unloading or hesitation around this dynamic resistance. Key Support Levels: Price still holds above a prior base (black horizontal line), so watch for this level to determine whether the next move is a breakdown or fresh accumulation. 📌 Conclusion: While the long-term fundamentals remain solid, short-term traders should respect the AVWAP rejection and wait for fresh signs of strength near the lower support zone. A high-quality stock facing temporary resistance—perfect setup for watchlist positioning!