I gave you the Bitcoin 19.5k$ 'Short of a lifetime' .
By doing the exact same tests i did on BTC, PG is going under 25$.
I don't know exactly why its working so wekk, but its working.
Be ready for the biggest stock market crash in the world history.
Keep at your own risk!
PG hitting 52 week highs, you can see the bulls are losing steam as the RSI and MACD are making lower highs, the last daily candle got pushed down hard at the resistance line, looking for anther bearish daily candle for confirmation. I think we could easily see 104 in the coming days, the market as a whole is looking prime for a pullback. If we break trend line...
Daily shows overbought with candles showing rejection on the upper side of the channel. A short can be placed if we see an impulsive below 105 level on to test the uptrend line, better with a spike in volume as well. If not, a long is likely on bounce from the 105 zone.
Please like and comment your thoughts on this!
Above is an Elliot Wave analysis using the monthly log chart of P&G.
1. The yellow wave is an impulse wave. You'll see we're at the end of wave 5 of this impulse wave.
2. The purple wave shows that we're at the end of wave 5 inside of an ending diagonal (Rising Wedge) pattern.
A good short entry would be on the retest of the break of the rising wedge pattern...
Dow component and consumer staples giant PG has only falled 5.6% from the highs, compared to nearly 20% in the general market. It did not participate in the second of the three collapses in Q4. The price action from July-August can now be seen as the upper half of a pitchfork, and we are now at the lower half and right on the 50-day SMA. This is a gamble on Q4...
on the 4h chart it looks we are on the edge of whether heading down fast or stay on the way up within the ascending triangle, at least until the end of next week - macd & stoch give no indication at all - bearish by instinct
When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks;
at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk,
that's when stocks like PG and MCD start to be the major focus!
Here we got the daily shooter after its Earning report, a good long if it breaks to...
This is another Great American company that has lost its way in the weeds of financial engineering. Apparently, that whole idea of selling off ‘mature’ (profitable) brands hasn’t translated into stock price appreciation. It also suffers from management by consensus. Bet the employees get to go to great Team Building camps. This company would outperform if it...
Since it began its uptrend in 1990, PG has made a significant step in the price. In long-time period I believe we will see the uptrend will continue, but we should be careful, for example the RSI is 49, less than 50 and this can be good and bad. This is good bc the price has a chance to grow more as I expect, around 8-10 percent, but it can be bad bc the 50 level...