The green arrow in the chart show the support being tested around $135.
The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.
RSI has slightly improved, showing bullish intent.
PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.
RSI has slightly improved, showing bullish intent.
PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
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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.