PG hits a P9 on the daily chart, as well as oversold
Updated
I sold a portion of my position on the last 9 on October 29th to take some profit in a down market, even though the stock continues to rise after. I am now selling the remaining position on this 9 because of the market conditions as well as the stock being oversold. I will look to get back in on a dip.
Trading is about position risk and I feel this position is in prime position to drop from these levels, trade careful
I would recommend trimming positions here as well as not buying if you do not have any positions.
Trading is about position risk and I feel this position is in prime position to drop from these levels, trade careful
I would recommend trimming positions here as well as not buying if you do not have any positions.
Comment
Last time PG was on a 9 and over sold was sept 24th and the stock proceeded to drop almost 10%. Will look to open a Put position depending on the stock action tomorrow.Comment
Bought Dec 3 93.50 puts today. The action looked good initially but PG finished wish a higher high then yesterday which is somewhat concerning, but was unable to break yesterdays high. the market is not looking good for tomorrow but that has not stopped PG from rising the last month or so. I would look to sell my puts above the 93.90 level.Comment
on another note insiders have been selling today. Quite a bit actuallyComment
Seems to want to go up no matter what. Selling puts at a lossComment
re bought puts the morning of the 19th. should have waited until the EOD on the 16th to see where it closed. Bearish MACD cross today on the daily chartTrade closed manually
Sold puts on a touch of the 20 day MA for over 100% gain. between the small loss ad big win this was a successful trade.
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