Flag Pattern above key Support on PG
Today, we will share a bullish view we have on Procter & Gamble Co.
a) After making a new ATH from JUL 2020 to NOV 2020, we saw a corrective movement that found support on the ATH before the Pandemic.
b) Now, we can observe a key Support zone with a Flag pattern above it.
c) Flag Patterns are considered continuation structures, and the confirmation level is when the price goes above B
d) We expect a bullish resolution of this stock. IF the price reaches our confirmation level, and a bullish movement towards the First and second Fibo Extension.
a) After making a new ATH from JUL 2020 to NOV 2020, we saw a corrective movement that found support on the ATH before the Pandemic.
b) Now, we can observe a key Support zone with a Flag pattern above it.
c) Flag Patterns are considered continuation structures, and the confirmation level is when the price goes above B
d) We expect a bullish resolution of this stock. IF the price reaches our confirmation level, and a bullish movement towards the First and second Fibo Extension.
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