glennmercer
Long

Long PG - Strong Support, Divergence & Missed Monthly Pivot

NYSE:PG   PROCTER & GAMBLE COMPANY (THE)
PG has met a very heavy support and resistance zone:
snapshot

We can also observe the printing of triple bullish Knoxville divergence ( RSI oversold, significant momentum divergence) and a bullish broken trendline , indicating an upcoming move upward. A conservative entry can be placed above recent highs for further confirmation. Three targets may be set as follows:

T1: August pivot
T2: Recent highs, around 82.30
T3: Missed monthly pivot for February 2015

Stop loss may be placed below the S/R zone as shown on chart.
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