PROCTER & GAMBLE COMPANY (THE) NYSE:​PG

PG, Procter & Gamble Company ( THE), Daily: UP.

Market will be correlated fully to the downside once defensive names revert to their mean.

Intersting short on possible top of rising wedge

A corrective wave has formed to keep going up. OB cut Weekly chart RSI (14) near 70 Stoch (89) >90 The MACD rises obove the signal line

P&G is regressing as expected, $91.50 seems to be a reasonable support, a break below may trigger a quick plunge to $90.50. I am very excited for my short position, I think this has another $10 to drop in 2019

Think there is still more downside

Last weeks short is heading towards the target

Proctor & Gamble finally reached all time high, forming a nice shooting star on a daily chart. 1 hour chart shows RSI divergence. Could be a sign of reversal or pullback, possible to trade the break of the uptrend line.

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

The weekly chart says it all. PG is extremely overbought. It touched the 161.80% Fibonacci extension at 94.70. Weekly RSI has crossed 70 today and pulled back. Probably it is time for a pullback.

Looking back, we are just above the historical resistance level ~$94 dollars that rejected $PG on several occasions. I'd keep an eye on this through the close and into opening next week. If today's highs mark the end of the most recent rally, I'd expect a pull back to the $91 range, and potentially down to $88.50. I'd be surprised to see this continue to rip, ...

PG has been on the nice ride since May 2018. It is currently on a raising wedge pattern and looks overbought, which correspond to the resistance area. It will likely to pullback anytime soon, possibly to somewhere between $84 and $85 which is the support area after a gap up. However, it is safer to wait until the next trading day to confirm my prediction.

Due for a big pullback, maybe as much as 8%

I sold a portion of my position on the last 9 on October 29th to take some profit in a down market, even though the stock continues to rise after. I am now selling the remaining position on this 9 because of the market conditions as well as the stock being oversold. I will look to get back in on a dip. Trading is about position risk and I feel this position is in ...

Up over 10% on the month - Time to take some of the table, this will pull back.

LOOKING FOR ST WEAKNESS TO START A POSITION

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 ...

PG AFTER Q3 revune will be targeting 84.5 then 88 then 90.5 - long