Today, we will share a bullish view we have on Procter & Gamble Co. a) After making a new ATH from JUL 2020 to NOV 2020, we saw a corrective movement that found support on the ATH before the Pandemic. b) Now, we can observe a key Support zone with a Flag pattern above it. c) Flag Patterns are considered continuation structures, and the confirmation level...
NYSE:PG - Downward trend line broken - MACD is sloping up - RSI low - Buy price @ $ 136.47 - 1st target@ $ 140.21 - 2nd target @ $ 144.48 - Stop loss @ 131.98
January's Secondary Trade This trade is slightly riskier and is the opposite of the general market movement ( bullish ). The reasons why I pegged this as bearish is: Based on the 9 Nov price movement due to the US elections, where post COVID-19 stocks spiked, PG fell. Consumer Defensive sector seems to be in a position where traders in the short term don't...
Today, we will share our VIEW on PG. a) The main structure of the current movement is the ascending channel, which has been broken, and currently, we can see the price on the edge of it b) The second most relevant structure is the corrective pattern we can see on the edge of the ascending channel c) If we have a breakout of the corrective structure (on...
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...
strong strong consolidation around the 20MA with 50D support. we're a couple weeks out from their earnings so could expect another set up like last 30days leading into ER where the stock gained substantially. PG product catalog has no reason to miss targets given covid
we have a bearish trend followed by a high volume at the bottom, and moving it to break the vwap is therefore it tests to be at the top of vwap, and therefore you can draw your money
we were right in the direction but too low on our entry. lets wait for the next retracement.
What do you think is going to happen tomorrow?
JUST finished the trade, GOOD TRADE for today...!
No, its not a gamble. very good return on this stock
Long above ~112. R1: 114, R2: 118.62 R3: 124.59 Short Below ~109 S1: 110.67 // 109 // S2: 107.39 - 14/30 1h: Looks to be trend reversal. 4h: Close enough for me. Possible 4H outside. 1D: 14 - 113.96 30 - 116.65 1W: 14 - 115.82 30 - 120.13. Lets see a 1D 1W vac. PT R2 118.62.
long term higher highs, higher lows, retesting 100 EMA on the daily buying 1 contract $120 C 3/20/20
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...
Hi traders & investors, I'm not going to take this trade or buy any puts or sell any calls. However, i am short bias and expecting PG to reach down to $85 - $80 level in the long run. Disclaimer: This is not financial or investment advice Trade safe, Atilla Yurtseven
I think $PG is a good buy here, risking a drop under this week's low at least. Upside as per the green arrows but it may trend for much longer, judging by longer term charts and fundamentals for the company and macro trends. Cheers, Ivan Labrie.