PG is having a strong red (1d) candle that crossed again under the 0.618 Fibonacci level.
In the last 10 months, the stock has been trading inside a Rectangle with the price being on the last step (0.786 Fibonacci) before the pattern's bottom.
The price is already a solid medium term buy but depending on the MACD, it may provide an even better opportunity.
Trading Plan:
1. Buy when the MACD (1d) makes a Buy Cross.
Targets:
1. 158.00 (top of the Rectangle).
Tips:
1. Last rebound was made on a single bottom candle (May 31st) without any retest. Today's pull back seems more like January with multiple tests, indicating that the probability of one last low is a little higher.
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In the last 10 months, the stock has been trading inside a Rectangle with the price being on the last step (0.786 Fibonacci) before the pattern's bottom.
The price is already a solid medium term buy but depending on the MACD, it may provide an even better opportunity.
Trading Plan:
1. Buy when the MACD (1d) makes a Buy Cross.
Targets:
1. 158.00 (top of the Rectangle).
Tips:
1. Last rebound was made on a single bottom candle (May 31st) without any retest. Today's pull back seems more like January with multiple tests, indicating that the probability of one last low is a little higher.
Please like, follow and comment!!
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Disclaimer
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.