1 Unsexy stock for a diverse portfolio - PG $140 price target
Great entry price on PG in my opinion.
It's not going to 5x your investment, but I do expect a 10-15% gain on PG over a 12 month time frame. **RISK** RSI showing a slight bearish divergence on the daily chart. But, let's consider the fundamentals for a second:
Firstly, I want to clarify, this is not a swing trade, but I always tell fellow traders if you keep chasing only high momentum stocks in your portfolio, the last 2 weeks must have been the hardest to live through for you. While I believe in disruptive companies, our portfolios need the dividend paying P&G sometimes, just so it doesn't tank your portfolio entirely.
P&G is a great candidate if you looking to diversify. In an era where everyone carries sanitizers and loads up on cleaning supplies, why is P&G sitting at the price it was before the March 2020 crash? Over the counter medication. Skincare products. Even commercial cleaning products. This is a diversified company that is recession proof.
Price support and targets are on the chart. The green support line traces back to the 2018 and 2020 "crash" lows. The blue support line is a historic channel high for P&G, I don't think the stock will test this in the current environment.
Buy here. Price target $140+.
Good luck traders.
It's not going to 5x your investment, but I do expect a 10-15% gain on PG over a 12 month time frame. **RISK** RSI showing a slight bearish divergence on the daily chart. But, let's consider the fundamentals for a second:
Firstly, I want to clarify, this is not a swing trade, but I always tell fellow traders if you keep chasing only high momentum stocks in your portfolio, the last 2 weeks must have been the hardest to live through for you. While I believe in disruptive companies, our portfolios need the dividend paying P&G sometimes, just so it doesn't tank your portfolio entirely.
P&G is a great candidate if you looking to diversify. In an era where everyone carries sanitizers and loads up on cleaning supplies, why is P&G sitting at the price it was before the March 2020 crash? Over the counter medication. Skincare products. Even commercial cleaning products. This is a diversified company that is recession proof.
Price support and targets are on the chart. The green support line traces back to the 2018 and 2020 "crash" lows. The blue support line is a historic channel high for P&G, I don't think the stock will test this in the current environment.
Buy here. Price target $140+.
Good luck traders.