4th Oct $123.00 Put - Option Trade 1Proctor and Gamble seriously overvalued here before earnings (22 October)
I expect a small correction before earnings.
My Play;:
2 Contracts 4th Oct $123.00 Put @1.20
PG trade ideas
P&G- How Micro Patterns Create Long Term Trends: PGIn this illustration, we observe how various micro patterns can translate into a longer-term macro pattern. With the case of PG, for prevailing micro patterns have progressed in what appears to be a bullish rising channel which has recently broken through. As the longer-term trend unfolds, the micro patterns will form in series of periods of high volatility and low volatility. Each pattern gives us an idea into the minds of the collective market consensus. Let’s examine what each pattern tells us in terms of an observational standpoint.
ABCD:
the ABCD pattern is commonly referred to as a reversal pattern. This is because the ABCD typically occurs at key turning points within a stock’s prevailing trend. The ABCD represents between B&C that light selling activity has commenced. The overall formation depicts a weakening of bullish accumulation and that although prices continue to raise exhaustion of buyers will likely proceed.
Rising channel:
The rising channel pattern is a highly reliable pattern that is typically considered one of the safer longer-term patterns to examine. The rising channel is characterized by a series of price changes which occur at intervals in between symmetric areas of support and resistance where the price respects these areas and makes sharp or distinct changes in between the zones. The rising channel displays that traders have a clearly defined consensus of the future value of the security, and that reasonable amounts of selling and buying activity is occurring meaning there is interest and activity and therefore opportunity.
Pennant:
The pennant pattern can occur in numerous phases. Typically, the phases are characterized by the ascending or descending slope of the support or resistance lines. The pennant pattern commonly occurs at consolidation zones or within the boundaries of macro patterns. Tenants represent an overall tightening and narrowing of volatility and can be used to pinpoint key turning points either bullish or bearish regarding the stocks long-term trend.
Symmetric Broadening Wedge:
the symmetric broadening wedge at any point in the stocks long-term trend represents an expansion of volatility. In the case of the symmetric broadening wedge, the battle between the Bulls and Bears is considered more volatile than in the case of a standard broadening wedge. Indicated by the slope of the support and resistance lines, a standard broadening wedge will likely display a flat support or resistance line and a slanted support or resistance line a symmetric broadening wedge displays two sloped lines and therefore demonstrates a maximum expansion of volatility.
By examining the chart of PG, it is much easier to determine that micro patterns do in fact subsequently lead to longer-term macro patterns. PNG appears to be bullish dominated and experiencing increased accumulation over time. Although 2018 was more turbulent than two years prior, 2019 yielded favorable results for the security along with other existing industry leaders.
Analysis on PROCTER & GAMBLE 5.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position: 100.00
• Take Profit Level: 101.00 (100 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 99.00
• Take Profit Level: 98.50 (50 pips)
USDJPY
A possible long position at the breakout of the level 110.95
EURUSD
A possible long position at the breakout of the level 1.1355
USDCHF
A possible short position in the breakdown of the level 0.9995
GOLD
A possible short position in the breakdown of the level 1320.00
Breaking Previous PeakOscillators, indicators and CMF upwards AND above mid or zero lines, where applicable
$PG:NYSE - PROCTER & GAMBLE - Whale having a good run.Another mega brand having a nice consistent run. Up around 40% over the last year and looks to be in a reasonable value area looking at the indicators. Again a large stock that might not be a quick mover but will probably continue to grind away especially in a weaker economy. Might be a good counter-cyclical / defensive stock to look at. Worth a watch.
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. It offers products under the brands, such as Olay, Old Spice, Safeguard, Head & Shoulders, Pantene, Rejoice, Mach3, Prestobarba, Venus, Cascade, Dawn, Febreze, Mr. Clean, Bounty and Charmin.
Proctor & Gamble Elliot Wave Analysis (Monthly)Above is an Elliot Wave analysis using the monthly log chart of P&G.
1. The yellow wave is an impulse wave. You'll see we're at the end of wave 5 of this impulse wave.
2. The purple wave shows that we're at the end of wave 5 inside of an ending diagonal (Rising Wedge) pattern.
A good short entry would be on the retest of the break of the rising wedge pattern (when the price revisits the bottom of the rising wedge pattern and confirms that it is resistance). As of the time I am creating this idea, the price is currently still within the pattern.
PG Real or False Breakout of 20 year channel?Neutral on this but it will be interesting to watch.
What do you think?
PG Trading Plan 7.2019Since PG has been trading at an all time high, it's bound to come back down. Ideally purchasing in the $70 dollar range is the best buy, but I believe that PG will continue to climb as it has in the past few decades.
Daily PG stock forecast trend analysis 10-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.0% (LOW), 0.7% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.3% (LOW), 0.8% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -0.9% (LOW), -0.4% (CLOSE)
&PG GORGEOUS PUMP THIS AM FROM $GS (BEARISH!)Chase at your own peril. Accumulation had been plummeting and now they just need a little more kick to clear out the inventories. *** Let's talk about it! ***
Procter & Gamble ideaThe price is becoming too steep. A healthy trend is around 45 degree. It is not good time to invest in something that is too steep.
PG 1 Month, Potential Short Opportunity DevelopingPG, Proctor & Gamble recently hit an all time high. It is over extended in the top of the Murrey and was flagged by a Spectro Volatility Omega Alert in the previous candle. MACD is has reversed and Spectro O, tracking volume on a BB Fibonacci Scale is also showing the beginning of a reversal in the overbought zone. Spectro Cloud is also showing a predictive reversal zone near the $90 range as a conservative low swing. This may not be the precise entry point, but is an asset to keep an eye on for an opportunity to short in the near future.
Spectro M has not confirmed the down move yet on candle/price action, but it may be near. Lower time frames suggested for precise entry. TIght stops should be employed, as the overall PG sentiment is strong and it is a fundamentally diversified company with many arms in the umbrella. Where PG deals in a lot of home care and staple goods, my thought is that it may bode stronger than other assets, should the overall index recede.
NYSE:PG
Analysis by Alchemist LA
PG overextended At a 10 year low on dividend yield, usually a good indicator for tops. After 50% run up should get a significant pull back in the coming months.
PG making movesNYSE:PG making new all time highs, and is looking for more! The RSI is very bullish, and looks to be moving back up as well indicating more upside momentum! With new highs comes uncharted waters, so I'm going to turn to the 2.168 fib extension for a target range.
Hopping into the daily, it has been trading in an ascending wedge bounced right off that trend line moving upwards. As long as we can break the previous high at $108.68 we have clear skies for another push
$PG - ready for a pop?May give it a day or two for confirmation off the lower arrow. Also had a few upgrades in April, doesn't appear to react to tariff news very much at all. Any thoughts?
PG will go under 25$I gave you the Bitcoin 19.5k$ 'Short of a lifetime' .
By doing the exact same tests i did on BTC, PG is going under 25$.
I don't know exactly why its working so wekk, but its working.
Be ready for the biggest stock market crash in the world history.
Keep at your own risk!
PG has been here beforePG tried to break out here before but earnings got in the way. I'm hoping this time it's going to break out.
