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dorfmanmaster

PG - Ascending triangle breakout

Long
Procter & Gamble Company (The) (NYSE:PG)  
dorfmanmaster  
NYSE:PG   Procter & Gamble Company (The)
Trend Analysis Chart Patterns Technical Indicators PG uptrend breakout alltimehighs Ascending Triangle trianglebreak defensive RRR measuredmove
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trendanalysis chartpattern indicator pg uptrend breakout alltimehighs ascendingtriangle trianglebreak defensive rrr measuredmove
Summary
We have tested $126 over twelve times since December 16th.

Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.

Technicals
  • RSI(14) @62.5 showing relative strength but not overbought
  • OBV is trending higher confirming the move

To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.

RRR is 3:1
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