PROCTOR & GAMBLE IS SOON TO SEE GOOD TIMES AHEADTECHNICALS -
HIDDEN BULLISH DIVERGENCE -
Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
STRONG SUPPORT LEVEL
It has also Reversed Twice from a Strong Support zone which had earlier acted as Resistance level indicating further upside potential for the stock
REVERSAL FROM 50D SMA
It has also tested 50 Day Moving Average and has reversed from it nicely
FUNDAMENTALS -
NON-CYCLICAL STOCK -
It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all)
EBITDA & NET PROFIT -
Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard
DIVIDEND YIELD -
If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)
PRG trade ideas
PG Earnings Play - LongPG recently bounced off key fib levels to continue up the channel. Earnings will be reported on 7/28 which gives us a good size window to jump in and let this ride up.
Reasons:
• Bounced off key fib level
• Continues to follow an upwards channel
• Earnings within 6 weeks
Comment below and let me know your thoughts.
Procter & Gamble is soon to see good times Ahead
TECHNICALS -
Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock
It has also tested 50 Day Moving Average and has reversed from it nicely
FUNDAMENTALS -
It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all)
Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard
If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)
Proctor & GambleLast 2 weeks have been rough on value and most health stocks. When Risk assets (Tech) outperform, stocks like value and health which are consider defensive tend to underperform or outright correct.
I think in the upcoming g next 2 weeks there will be a rotation back into value.
Here's PG on the weekly approaching trendline support, fibonacci support , weekly 50sma and daily 200sma all around 143 area .
Im looking for a pop up to 150 in the next week before a minor pullback then a leg Higher to 160.
Price usually doesn't go straight up, there's usually a accumulation pattern (Double bottom , inverted H&S) like I've showed in the yellow box
142 stop loss
PG on downtrend continuanceOn the 2 hr chart, PG was fighting heavy resistance for month. The supply /resistance zone is
on the chart from the Luxalgo indicator. Multiple touches but the zone was not broken.
Price has retraced down beyond the 0.5 Fib level. PG is tracking well with XLP the consumer
staples ETF shown as a thin black line on the chart.
The Luxaglo Echo indicator, a predictive AI tool suggests that price will retest the 0.5 Fib level
and then descend to the support /demand zone with a volume mean of 149.5.
I will take a short position with put contracts with a strike of $ 154 above the Fib 0.5 level
with DTE of 6 = 5/26.
For the stock position, I will set a sell limit of $153 also with a stop loss of $ 154 with the
the target for 2/3 of the position at $ 150 and the remaining third is to watch to see if the
zone brakes. I believe that this is a safe trade in a low-volatility stock set to capture
profit advantaging the prevailing trend running in concert with the subsector ETF.
PG Proctor & Gamble Swing Long or InvestPG had a triple bottom in March and now is again on an uptrend rest
march towards the all-time high of $ 165 which is the target here.
The volume indicator shows a slowly rising volume compared with March
with a spike on April 20th corresponding to a favorable earnings play.
The long term moving average shows the reversal of the downtrend
into a triple bottom ( long moving average with near zero slope)
and then the uptrend. The RSI indicator shows cycling between
overbought and oversold and so the entries for buying then selling call
options if one is more a trader than an investor.
Having had favorable earnings I see this as part of a recession type
an investment portfolio with all-time high as the target and looking
to hold through the next quarterly earnings if the uptrend has no
major correction in the meanwhile. Slow and stead wins the race.
I
Procter & Gamble to close its gap?Procter and Gamble Co - 30d expiry - We look to Buy at 149.61 (stop at 146.11)
The primary trend remains bullish.
This stock has seen good sales growth.
This is currently an actively traded stock.
We have a Gap open on 21/4/2023 from 150.85 to 154.94.
A higher correction is expected.
Previous support is located at 149.50.
We look to buy dips.
50 4-hour EMA is at 147.98.
Our profit targets will be 158.61 and 159.61
Resistance: 156.50 / 158.11 / 160.00
Support: 154.50 / 152.00 / 149.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
The Following 3 Steps Have To Happen:Before You Buy In ResponseYou see its always about being patient
==
If you are not patient then you
will make mistakes in your trades
==
and you will miss good opportunities to make money
==
Remember the aim is for you to make money
==
The following steps have to happen:
==
1. The price has to hit a new high on the week
2. The price has to gap up on the candlestick chart
3. The price has to gap above the 13 Day EMA
==
When the 3 above steps happen you should buy
==
Before you enter a trade remember to keep your cool
after you see this opportunity
at market close on Friday
==
You then need to be ready to buy.
==
Remember you have to be patient
=
stay tuned for another buying opportunity
next week
==
Faithfully ,
Lubosi Forex
PG SELL ++++PG is way overbought here and approaching a shorter term triple top which it wont see on this leg. I would expect a short term correction to FIB .236 $147.12 then cloud support of $145.45 before possibly breaking through a triple top. Definitely a good trade for a scalp if those support levels are broken then we hold the short til next MA or support level. GL
PG technical analysis : Buy positionHi Traders,
Based on technical analysis, PG has just begin momentum in a bullish direction and is now a bullish sided market we can confirm that with all our RSI, Market momentum catcher and Market side catcher indicators all showing a green bullish signal. I'm expecting price to hit a target of 165.30, you can place a buy position around 150.50 or wait for a good buying position when price break the resistance line at 154 then place your buy position at 155.
Thanks,
Happy trading
Monday Trade RecapDid you trade using the strategy i shared with you
yesterday?
-
-
How did the trade go?
-
-
In this video I share with you the problems and worst-case scenario
that you could have potentially faced using
-
-
The trading strategy i showed you yesterday
-
-
Watch it now to find out
the problems and challenges you may potentially face.
PG Proctor & Gamble Swing Long or InvestPG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high volume area on the longterm profile.
Earnings are steady and consistent typical of a reliable but slow-mover.
The rising MACD lines and the RSI piercing through its Ichimoto cloud
serve to further confirm that PG is in a confluence sweet spot.
I see this as a good spot to dollar cost average into a holding of 100 shares
to be used to sell monthly options for income or alternatively purchase
a call option contract at a strike of about $10 below current price with
DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
Procter and Gamble to extend losses from corrective channel?Procter and Gamble Co - 30d expiry - We look to Sell a break of 135.66 (stop at 139.66)
Trading within a Corrective Channel formation.
There is no clear indication that the downward move is coming to an end.
Daily signals are bearish.
135.83 has been pivotal.
A break of the recent low at 135.83 should result in a further move lower.
Our outlook is bearish.
The bias is to break to the downside.
Our profit targets will be 125.66 and 123.66
Resistance: 139.50 / 141.60 / 144.10
Support: 137.00 / 135.83 / 133.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PG AnalysisPrice has attacked the highs and broke out of the Wyckoff distribution schematic at 148.28. Following the order flow, price should be targeting the bullish POI at 130.87. Short-term wise, a retracement is expected, potentially into the bearish POI at 138.73 before continuing lower if a confirmation is given.
BUY OPPORTUNITY ON PROCTER & GAMBLE (10% RETURN)Hello Traders,
Nice opportunity on P&G for a long Trade with 2 areas to watch :
- 1st @ $136 zone
- 2nd @ $127 zone
Entry methodoly:
- Agressive entry with 100% of the position at level 1
- Conservative entry with 100% of the position at level 2
- Mixed approach : 50% of the position at level 1 and 50% at level 2
Happy trading