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Procter & Gamble Company

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PRG trade ideas

PG trading strategyPG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names; while in terms of trading , we look for fluctuation to trade! Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant; If it breaks the downside, it could be the continuation trade for the 90.00 breakdown. That's why I recognize it as a both sided trade. 1:1 1st kick and strict risk-reward stop are MUST of course! In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there. Let's see how it goes!
NYSE:PG
by Trader_Joe_Lee
PG - Potential Bump & run formation long from $90.07 upto $93.43 PG seems forming a possible bump & run formation. Fundamental is not really great but we are considering it as a pure technical play. To play this we would consider July 21st Calls - $0.95 * Trade Criteria * Date First Found- June 20, 2017 Pattern/Why- Potential Bump & run formation Entry Target Criteria- Break of $90.07 Exit Target Criteria- 1st Target $91.87; 2nd Target $93.43 Stop Loss Criteria- $88.76 Option - Would consider July 21st Calls @ $0.95 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:PGLong
by AcornWealthCorp
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