$PG for long term?$PG robust 10% organic growth is bolstered by higher prices and sales volume, especially the price due to inflation. Lately, the stock has been down-trending for the past few days reacting to overall market sentiment. in terms of technical analysis, the stock might continue to trend down based on historical patterns and indicators. if you look at the 4hr chart it seems that the stock is just make a breakthrough just above the 200MA but still looking bearish.. As the market slowly shifts to a cyclical rotation, most investors are looking for defensive stocks like basic needs, health care and energy.
Below is my target for entering and exiting for PG.
Day trade or scalp target play: 04/227/22
Buy call above 157.51 sell at 159.23 or above.
Buy puts below 153.25 sell at 152.26 or below.
option open interest: ideal expiration date: (risky) 06/17/22, 7/15/22
Hello everyone,
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly going the next day or week play and where I would look for trading opportunities
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