PRG trade ideas
Daily PG stock forecast trend analysis 10-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.0% (LOW), 0.7% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.3% (LOW), 0.8% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -0.9% (LOW), -0.4% (CLOSE)
PG 1 Month, Potential Short Opportunity DevelopingPG, Proctor & Gamble recently hit an all time high. It is over extended in the top of the Murrey and was flagged by a Spectro Volatility Omega Alert in the previous candle. MACD is has reversed and Spectro O, tracking volume on a BB Fibonacci Scale is also showing the beginning of a reversal in the overbought zone. Spectro Cloud is also showing a predictive reversal zone near the $90 range as a conservative low swing. This may not be the precise entry point, but is an asset to keep an eye on for an opportunity to short in the near future.
Spectro M has not confirmed the down move yet on candle/price action, but it may be near. Lower time frames suggested for precise entry. TIght stops should be employed, as the overall PG sentiment is strong and it is a fundamentally diversified company with many arms in the umbrella. Where PG deals in a lot of home care and staple goods, my thought is that it may bode stronger than other assets, should the overall index recede.
NYSE:PG
Analysis by Alchemist LA
PG making movesNYSE:PG making new all time highs, and is looking for more! The RSI is very bullish, and looks to be moving back up as well indicating more upside momentum! With new highs comes uncharted waters, so I'm going to turn to the 2.168 fib extension for a target range.
Hopping into the daily, it has been trading in an ascending wedge bounced right off that trend line moving upwards. As long as we can break the previous high at $108.68 we have clear skies for another push
Procter & Gamble opportunityDaily shows overbought with candles showing rejection on the upper side of the channel. A short can be placed if we see an impulsive below 105 level on to test the uptrend line, better with a spike in volume as well. If not, a long is likely on bounce from the 105 zone.
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Proctor & Gamble Finalizing 5th Wave Up in Parabolic Fashion Analysts predict that Procter & Gamble earnings growth rate will slow down to 6.88% over the next 5 years. The recent rally in PG's stock price however, would have you believe the company's earnings and revenue were growing at a double digit rate.
From a technical perspective, indicators are rolling over as the stock is climbing in a parabolic manner inside a rising channel.
The best way to play PG for a downside move is to fade the trade by shorting the stock. First, we will set a sell stop below the 10 day EMA. A close below this level should see the stock dump to the 50 day or previous break out spot and create the "A" leg of an ABC correction. On a bounce, we will look for a failure at "B" and add to our short below the 50 day EMA.
Our initial profit target for PG is $94 and secondary target of $86 ("C").
PG reaching new All Time High: Go SHORT!NYSE:PG
(I see an upside down Giraffe/H pattern with a severe Bear Div.)
Im contrarian on this as Proctor & Gamble hit a new ATH. At best, volume here has been weak compared to lower zones. Don't buy the top and get stuck for 2 years. Im seeing SHORT all over. Don't discount the Bear Div. and the No Volume support. Watching for an 15-18% pullback. Don't buy the Top!