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TheGritz
Feb 12, 2022 7:29 AM

$PG - Triple Top Short

Procter & Gamble Company (The)NYSE

Description

NYSE:PG

PG rests right above the breakout point of its triple top pattern. MACD curling bearish. RSI just broke below 50.

This seems to be a fairly textbook example. This pattern boasts a 79% success rate (allegedly, I've never backtested it).

Options flow appears mixed, with 2/12/22 activity leaning slightly bullish.

As always, no need to rush. Always confirm.
Comments
dynasty2059
Looks like a good setup. I'll be watching this one next week for sure. Nice catch.
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