P&G - Bearish pattern on Procter&Gamble chart?
Updated
Hello,
Although I consider Procter & Gamble stock to be a very good long-term investment. (Safe background and very good dividend system. ) It seems to be working on a bearish pattern now, which is projecting a decline all the way to the $140 zone.
For me, it's the only stock I've held long since the $90 level, and I've been buying regularly ever since. It's like Coca-Cola to Warren Buffett to me. (Only I have a little less of it.)
For me, this seems like a good point for my long haul bags. If this pattern works, the price will reach the target zone by winter. If you have to choose between Procter & Gamble or Johnson & Johnson, P&G is clearly better in the long run.
Do not forget. These are my thoughts and observations about the market. And they do not constitute investment advice. Also, do your own research before entering a position.
Tell me what you think, and if you like my idea, share it with others.
Regards
In extreme cases, even $125 is possible, but I see very little chance of that at the moment.
Although I consider Procter & Gamble stock to be a very good long-term investment. (Safe background and very good dividend system. ) It seems to be working on a bearish pattern now, which is projecting a decline all the way to the $140 zone.
For me, it's the only stock I've held long since the $90 level, and I've been buying regularly ever since. It's like Coca-Cola to Warren Buffett to me. (Only I have a little less of it.)
For me, this seems like a good point for my long haul bags. If this pattern works, the price will reach the target zone by winter. If you have to choose between Procter & Gamble or Johnson & Johnson, P&G is clearly better in the long run.
Do not forget. These are my thoughts and observations about the market. And they do not constitute investment advice. Also, do your own research before entering a position.
Tell me what you think, and if you like my idea, share it with others.
Regards
In extreme cases, even $125 is possible, but I see very little chance of that at the moment.
Note
It seems that the price of Procter&Gamble has started to break the bearish pattern as we expected. IF we reach the indicated support level, which is around $138, then it is worth waiting a few days to check whether the share price has really found support. Otherwise, we can go further up to $125.Well, the price of this company does not move as fast as an average share, since we are talking about a very large multinational company whose products are essential in people's everyday lives. So we have to be extremely patient. Especially if we are long-term investors and want to accumulate this dividend-paying paper at a good price.
Note
We have reached the top of the first red box. Recently, P&G reported very favorable data in their economic reports. They were able to gain market share in most areas and increase their revenues. I think Procter & Gamble stock is an extremely good long-term (5-10 year) investment if you're looking for a safe, dividend-paying stock.I see very little chance of it, but I speculate that in the coming years we will witness a share split, which can bring great benefits to the owners of the shares in a fairly short period of time. Because after the share splits so far, the exchange rate went back to pre-split levels quite quickly.
I have this stock in my portfolio constantly and have held it for years. I have no intention of parting with it in the next 5 years.
In any bad economic environment, I can imagine a worst-case exchange rate of $90. But otherwise, thanks to their products, there is no realistic chance that this company will go bankrupt or trade at a low price for a long time.
Between $125 and $138, this stock is a gift. I think.
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