PG sets to complete its inverse head & shoulder formation which would shoot the price to an ATH. It is the best time to make an entry now with the formation of Bullish Harami Candle. Also, Bullish Divergence, ABCD pattern and retracement of price from 0.5 Fib level supports the idea. Entry - 156 Target - 165 Stoploss - 153 Disclaimer: Not a financial advise....
PG rebounded with a tweezer bottom and a piercing line candle. However, we expect some resistance at US$157.02 region.
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF PG exceeds today's high of $156.76 during tomorrow's session.
$PG robust 10% organic growth is bolstered by higher prices and sales volume, especially the price due to inflation. Lately, the stock has been down-trending for the past few days reacting to overall market sentiment. in terms of technical analysis, the stock might continue to trend down based on historical patterns and indicators. if you look at the 4hr chart it...
Possible stop under a pocket pivot or where you see support. Earnings in July. Long entry level is a level above resistance and is often used as a level to enter the security at or above this level, unless already in the security. PG has met targets for the ABC Bullish pattern. No recommendation Support levels, trendlines and patterns can fail.
With interest rates going up, and people shunning away from high growth tech, semi stocks and into more of defensive stocks is a bullish environment for NYSE:PG . Now with a solid chart with strong technicals has made me add more at these levels as I put my around 505 cash back to work
The PEAD projected a Bullish outlook for $PG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
As we see on this graph we have a big probability of downtrend so we have a breakout of the support line and the vwap indicator.
PG approaches my short zone. Risk/reward is looking excellent.
PG is fighting resistance the last few days and it may knock price down a notch. Support and resistance levels are often broken or the market would be ranging all the time (o: Long candle wicks (TOPS) can show a struggle with resistance. Long candle tails can show price reaching for support. Hopefully PG has completed it's fall from the ugly top. I have noted...
Crossed the 50 & 200 SMA and current markets conditions favour consumer staple stocks.
Buying the main trend looking to make around 15-16% return over the next few months.
$PG just close above the ema lines last friday showing some possible momentum move. recently PG got downgraded to neutral by two agencies due to inflation. but the downgrade is not bad. average move per of PG is about 1.50-2.00+ Day trade or scalp target play: 04/04 /22 Buy call above 155.49 sell at 156.35 or above. Buy puts below 154.32 sell at 153.56 or...
Read this latest news here There have been many cases of western brands that seems to make the mistake of no common sense in their advertisement , only to offer apology hereafter. What is their motive ? I dunno, could it be a reverse psychology strategy to get more hits and views ? Maybe........ But importantly, it has no bearings on its share prices. In...
If it closes a candle above $160.50 in the next few days, I can see it re-challenge the $165 resistance... but this time with some serious momentum behind it.
Reversal pattern process beginning to take place on Procter and Gamble. Watch the video and please give me your thoughts about this.