Sma100
Procter & Gamble - watch 100SMA Technical Analysis
PG is a beautiful chart, maintaining an upward trend channel year to date; meaning very clear support/resistance levels.
The 100SMA (blue line) has been long-term support since late 2018.
The 50EMA (red line) has been an excellent shorter-term support. If we can cross this (now) resistance, out next resistance level is $125. *It has been a great buy/sell signal.
If we can't hold the 100SMA, the next support is the 200SMA, which is around $110.
Have a great weekend.
Happy trading!
Factom (FCT) Trade Continutation Hello traders this is a trade recomendation based on my previous trade recommendation linked below i recommend you checking out. Factom has progressed nicely in this parallel trend channel. The SMA100 is converging with the bottom of this trend channel leading me to expect the price to find resistance at the bottom of this channel. im watching for a reversal at the base of this channel. ill post back in the next day or so with buy targets but right now before placing order we just want to watch the price action and a confirmation and continuation of this channel.
Good luck and happy trading