PGExpect a pullback to $104 before it retests $107.39 resistance. Next stop is $111 if it breaks through #PG
PGC trade ideas
Another good short entry?I just closed my short at 101$ which I opened at 114$. There might be another good setup soon.
PG for a retest a ATH 127Hi Traders
Procter & Gamble will go for a retest of the all time high area of 127 - 127.50 next week. As SMA100 and SMA200 are getting more and more flat this could be might a hint that it will not push trough it. Also watch out for a fake brake-out. First TP for a short will be SMA100.
Analyse PG on 2H TF Hello traders, this is my current analysis for PG.
We are currently on a relatively strong resistance, which corresponds to the volume profile, if the price bounces from resistance and then arrives to support, then based on even more indicators to consider entering a long position.
PG Longlong term higher highs, higher lows, retesting 100 EMA on the daily
buying 1 contract $120 C 3/20/20
PG - Ascending triangle breakoutSummary
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
RSI(14) @62.5 showing relative strength but not overbought
OBV is trending higher confirming the move
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
Long way downI know PG is a solid company but the rise in stock price is wild. Thinking about a short if the market turns. This chart reflect some the SP500 price action.
PG shortThis one is more for me to study something interesting. Obviously the momentum is up but a cycle is pointing to down right now
My PG Expectation - SHORTHi traders & investors,
I'm not going to take this trade or buy any puts or sell any calls. However, i am short bias and expecting PG to reach down to $85 - $80 level in the long run.
Disclaimer: This is not financial or investment advice
Trade safe,
Atilla Yurtseven
Procter & Gamble going down from hereProcter & Gamble looks overbought on the monthly, weekly and daily charts when looking at MACD and RSI
