The trend is our friend? Let`s see, if the yesterdays Breakout is the starting Signal for a new buying-wave. TP could be 90$! If you like it - like it!
P&G always gives constant dividens and almost same earnings. We will have over than 0.75$ earnings with 0.66$ dividend per stock. This week is good time to buy if you dont have any.
In long term this stock will give more than we expected. Market is dynamic so we are!
The major bullish trend is still in effect. The final downward leg has been rejected by L.5 fan line, which I think will be revisited. So that means the bears still have a lot to do. Though, I will not be on the short side until I see a bearish crossover in Stoch unless there's a must-sell signal in a lower time frame.
Last week while the world was coming to an end, PG held its head above the water. We see that as a bullish sign. So we took a look at the chart and PG still sports a compelling story using the Elliott Wave Principle. First it appears the decline from 94 was only 3 waves down a counter trend move while the current advance from recent low @ 65 sure looks impulsive....
Double Top pattern for the short period.
In case of rebound at support line, it's a sideway period.
For the long position, it should be start after, bar go above resistance line.
Procter & Gamble is in uncertain situation on macro basis.
On long term basis price is trading between 10-year and 5-year means. Price close to macro means is actually an outlier, an indication of uncertainty of major market participants and investors regarding the stock.
On short term basis price is currently on downward risk, as it trades below the 1st...
Although Procter & Gamble delivered quarterly profit that topped expectations on Thursday, it marked the sixth-straight drop in sales. Revenue of $17.79 billion was below forecasts and lower than last year's $20.16 billion, as P&G continued to be weighed down by a stronger dollar that stripped the value of overseas sales. More pressure is yet to come as the Fed...
PG just keep unfolding as expected. Sure wish it would always be that clear. Actually it is very rare that a stock shows that nice of a pattern.
Anyway we are in a corrective rally and the only thing I am confident about is it is not over yet. Even if the rally of past couple of weeks stopped right at the apex of a contracting triangle ( wave iv ) a common...
Even if I am still somewhat bearish on the overall equity market, I have to move to neutral on PG as it has reached minimum expectation. It is hard to say if the last wave of the decline from all time high is over. Much more a matter of opinion thus I am taking my chips off the table on PG. If bears are not done pounding the stock, ideal target is around 77-78 and...
Updated. AB=CD 1.618 ext hit. Price went on to trace out a Bear Pennant which confirmed on Friday. Crab retrace target is 72.77 / Pennant tgt just above that.
