PRG trade ideas
V Bottom Rising WedgeNeutral.
Long if safe from rising wedge pattern which is often bearish at the top
The Ascending triangle top trendline may provide support if this stock falls. Very strong stock so no telling
Looks to be trying to make a new high right now.
Just beware of the rising wedge pattern. Sometimes a stock does break up and out of this pattern. Often they break down from this pattern
NV is still high.
PROCTER AND GAMBLE: Seize the opportunityThe stock market represents a nice chance which must not be missed. Actually, winning is such easy if we consider these actions:
Firstly, we enter the stock market as a buyer and take a long position in the appropriate time as indicated in the chart;
Secondly, we leave through a short position in order to sell and collect our gain;
Thirdly, we buy once again since the higher tendency of the market
Finally, we close the market with a last short position.
The chart, especially the candles , show the right time when each action should be taken.
Traders who believe in this recommendation: write in comments.
P&G divergencesHey everyone,
there are a few divergences in the RSI, the moving averages and the volume... I wouldn't swear the price turns downwards immediately but i think it will happen in the next few days.
So for me it's a short.
Entrance: 134.20$
Stop: 136.40$
Goal: 130$ - 128.50$
Much fun and good luck!
Leave a follow please, my goal is 200 :)
BUY!BUY!BUY!Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
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Ascending Triangle V Bottom Overbought on Daily RSIPG is flying high
Overbought on daily RSI, not on weekly or monthly. I do not like buying even if overbought period! LOL
I am thinking a pull back is imminent
Top trend line of ascending triangle can provide support at 128 to 129 ish
I am hoping for a deeper pull back though.
Short interest fairly low considering the move up so far
Not a recommendation
short P&G in the supply zone Here's the trade setup
1. PG is in a supply zone denoted in the red colour
2. Earnings is in a couple days which makes for an easy catalyst to turn this around from all time highs
3. There's a triangle pattern formed over past 4 months (see attached link) and these tend to have aggressive breaks
4. I am bearish the general market so that should further support a bearish move
5. Since brokerages are raising price targets in a supply zone, I would like to take a contra call
Strategy: bought october month puts @ 125 strike price for a target in the yellow zone. But, one can always be a little more greedy and wait for the move all the way down to the demand zone (green)