PG
PG daily shooter after ER, bullish wherever you break!When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks;
at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk,
that's when stocks like PG and MCD start to be the major focus!
Here we got the daily shooter after its Earning report, a good long if it breaks to the upside;
also a good long if it pulls back to the demand zone or even the gap!
Let's see how it goes yo!
Buy this Drop and Don't forgot about stop-lossSince it began its uptrend in 1990, PG has made a significant step in the price. In long-time period I believe we will see the uptrend will continue, but we should be careful, for example the RSI is 49, less than 50 and this can be good and bad. This is good bc the price has a chance to grow more as I expect, around 8-10 percent, but it can be bad bc the 50 level is our resistance level, if the price can not break through 50 RSI we will see a slow down trend for this GIANT.
The MACD indicator shows us the possible rollback above the centerline in the near-term, which is a sign of the price will grow.
Let's analysis!
The Big Giant, like PG with Mkt Cap more than 200 billions can not fall like shares with small cap, so the risk/reward ratio for me is about 2/7 (from 10/10) yes of course there is a great example from GE how to fall from the highs, but PG isn't the same business as GE.
The price is still in the channel.
ENTER: $80
CLOSE: Around $90
Likes/Comments! Yes, please :)
PG.... Sad Story but meeting support?
I don't follow this stock and it was a friend of mine who pointed it out to me. There is a massive amount of pain in this stock chart. First off, you had a bad, bad break of the 200 day moving average all the way back on January 23rd. If you were watching the charts, this should have been a pretty good signal that something was up with the stock. You also had above average volume coming in confirming that this move was most likely meaningful. The second warning shot was the death cross that happened on February 8th.
Today's bloodbath on top of the recent months of selling has taken this puppy all the way back to the levels it was at in January 2016. Ouch
If you take this all the way back to 2009 and draw a best fit line, today's prices stopped to meet this trendline support. I would have to hope that the pain is in the past for PG and maybe this is a capitulation "wash out." If it breaks this line.... then "adios amigo." How far it goes, how long it lasts.... nobody knows.
PG Daily bullish bat patternWhen the market start to fluctuate and I am still bullish on the market,
often times I'll turn to consumer goods sector to look for trading opportunities.
When the market remains good, they may go with the trend; when the market encounters headwind , they hurt less.
I'll look for reversal sign in front of 86.00 and put the out below 85.00 or even lower (as we don't really need to risk that little in such a name though)
Let's see how it goes!
PG trading strategyPG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names;
while in terms of trading , we look for fluctuation to trade!
Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant;
If it breaks the downside, it could be the continuation trade for the 90.00 breakdown.
That's why I recognize it as a both sided trade.
1:1 1st kick and strict risk-reward stop are MUST of course!
In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there.
Let's see how it goes!
PG - Potential Bump & run formation long from $90.07 upto $93.43 PG seems forming a possible bump & run formation. Fundamental is not really great but we are considering it as a pure technical play. To play this we would consider July 21st Calls - $0.95
* Trade Criteria *
Date First Found- June 20, 2017
Pattern/Why- Potential Bump & run formation
Entry Target Criteria- Break of $90.07
Exit Target Criteria- 1st Target $91.87; 2nd Target $93.43
Stop Loss Criteria- $88.76
Option - Would consider July 21st Calls @ $0.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)
TEVA: Potential monthly bottom spottedI'm entering longs here, averaging in gradually. I anticipate a monthly scale rally, back to 54.59 possibly, coming off a double bottom at key support, with an extremely low valuation, and positive news regarding breakthroughs in delaying drug metabolism.
Good luck!
Ivan Labrie
PG @ daily @ inside bullish 100&200MA - in a GAP curentlyTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
DOW Index & all 30 DOW Shares (MA 100 & 200 inside bullish) @ drive.google.com
Best regards
Aaron
DSKX Major Acquisition(NASDAQ: DSKX) – Research Report
Company Name: DS Healthcare Group Inc.
Stock Symbol: DSKX Company Website: www.dslaboratories.com
Trading at $1.53 Per Share (02/16/2016)
Currently DSKX has a very attractive valuation with high analyst ratings, hedge fund interest, strengthened management team and major upcoming catalyst. DSKX is trading at a 33M market cap while they are expected to close on a major acquisition which is expected to increase the company’s annual revenues to approximately $65 million and $10 million in EBITDA with the combined businesses from over 20 countries, 900 unique and diversified products, and a broad range of personal care categories. This acquisition fiercely scales up and expands DS Healthcare’s business operations, product portfolio and distribution network in one deal. With the deal in place, DSKX is trading well below 1x expected annual sales while in the recent years many of its competitors in the industry sold at approximately 5x sales. Nioxin, Chattem, Simple Health & Beauty just to name a few.
Several weeks ago, Frigate Ventures LP filed a SC 13G. In the filing, it appears Frigate Ventures LP owns 1,500,000 shares of DSKX. This shows Frigate Ventures Lp’s confidence and optimism in the future of the company and as a institutional investor with an excellent track record, its safe to assume they do their homework before buying a 7.1% stake in a company.
Read the full research report using this link www.stockpicksnyc.com
Procter & Gamble heading towards new highLast week while the world was coming to an end, PG held its head above the water. We see that as a bullish sign. So we took a look at the chart and PG still sports a compelling story using the Elliott Wave Principle. First it appears the decline from 94 was only 3 waves down a counter trend move while the current advance from recent low @ 65 sure looks impulsive.
Thus, regardless if current advance is the real beginning of the next major rally of only part of more complex corrective move ( bullish triangle ? ) before that rally emerges, for now on and as long 65 holds we are bullish PG
For the very short term I would expect a bit more weakness towards 71-73 as the small correction ( wave ( 2 ) ) seem to be short in time. Earning report is due on Tuesday and that might generate some sparks.
DOW JONES OVERVIEW: PG AT MACRO UNCERTAINTY, SHORT TERM RISKProcter & Gamble is in uncertain situation on macro basis.
On long term basis price is trading between 10-year and 5-year means. Price close to macro means is actually an outlier, an indication of uncertainty of major market participants and investors regarding the stock.
On short term basis price is currently on downward risk, as it trades below the 1st standard deviation form 1-year mean @ 75.3 - indicating a downtrend on yearly basis.
Everybody's Gone Shortin' - Shortin' U.S.A.In this post I would like to put together some previous stock market calls (still valid), as well as add two more promising shorts. It's been a rough week for US stocks culminating in a clear break of the Head&Shoulders' neckline at 2045. This kind of pattern is usually referred to as "Complex H&S top" , because there are multiple peaks and its "head" is a H&S pattern itself. The traditional target is set in the 1945 area , though we expect a move of greater magnitude. There is a more traditional H&S in LinkedIn. It calls for a sizable move to the downside. Another bearish pattern is a Rising Wedge, or Ending Diagonal, in Bank of America. The first target here is $15 area, which is some 10% from here.
I'm still positioned according to previously published ideas:
Baidu
IBM
Intel
and Procter&Gamble :
All of them are currently profitable.
Best of luck, mates
It's No Gamble: A Major Top In Procter & GambleAlthough Procter & Gamble delivered quarterly profit that topped expectations on Thursday, it marked the sixth-straight drop in sales. Revenue of $17.79 billion was below forecasts and lower than last year's $20.16 billion, as P&G continued to be weighed down by a stronger dollar that stripped the value of overseas sales. More pressure is yet to come as the Fed prepares its rate hike.
From a technical perspective, the Head&Shoulders pattern is almost complete. The price has broken down below the former trendline support. On Wednesday we saw a retest of that line - and the move lower. According to the Elliott Wave Principle, the usual minimum target for the unfolding correction is the extreme of wave (a) of Triangle. In this case, we expect a more severe correction below $67.29.
Update on PGPG just keep unfolding as expected. Sure wish it would always be that clear. Actually it is very rare that a stock shows that nice of a pattern.
Anyway we are in a corrective rally and the only thing I am confident about is it is not over yet. Even if the rally of past couple of weeks stopped right at the apex of a contracting triangle ( wave iv ) a common occurrence, it is too short in time in relation to the first leg down to be over.
The rally appears to be a symmetrical double ZigZag opening the door for wave 2 will take the shape of an expanded flat i.e. PG would drop back down to 81 if not all the way to 79 before pushing higher towards 87.
I just don't know
PG revisitedEven if I am still somewhat bearish on the overall equity market, I have to move to neutral on PG as it has reached minimum expectation. It is hard to say if the last wave of the decline from all time high is over. Much more a matter of opinion thus I am taking my chips off the table on PG. If bears are not done pounding the stock, ideal target is around 77-78 and then next one is the extreme low of the triangle at 74.
Moving back above 84 will suggest the corrective rally is underway. Stay tuned.