PG looks to be break out soonWith interest rates going up, and people shunning away from high growth tech, semi stocks and into more of defensive stocks is a bullish environment for NYSE:PG . Now with a solid chart with strong technicals has made me add more at these levels as I put my around 505 cash back to work
PGD trade ideas
Rectangle Top//Rising Wedge//OUCH!Major sell off in progress.
Ugly red candles with a bunch of sellers inside.
PG fell from a rectangle top and sellers have been brutal.
The 50% retracement of the last trend up is not far below.
Price is below the bands and oversold. This condition can last for extended periods of time, especially in a bear market.
Price looks stretched to the down side. Selling may exhaust soon.
Rising Wedge noted inside of the rectangle top. The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. It is different from a symmetrical triangle as both trendlines slope up. Rising wedges have a bearish bias and are not valid until the bottom trendline is broken. Price can break to the upside from a rising wedge, but in the end which can sometimes be months or years, this trendline is broken.
Rising Wedges during the bull market would barely break the bottom trendline or even break the upper trendline and continue to the upside. In this market, they appear to be a bit more dangerous as when price falls as of late, there is so much resistance overhead and panic selling seems more likely to occur. The Rising Wedge can send a security in to a free fall in a bear market.
It looks like price is due for a bounce up very soon as price is very stretched to the downside. Even sellers exhaust eventually.
Possible short after bounce up if it occurs.
There is a lot of resistance overhead.
No recommendation.
Is the selling justified? I guess it is what it is.
RectangleRectangles are neutral until a trendline is broken with a Confirmed trend in that direction.
Targets above rectangle are for a break to the upside with the larger type being T1, and the smaller type is T2 is target 1 is broken.
Orange type below rectangle are possible targets if it breaks to the downside.
No Recommendation/Neutral until a trendline is broken with conviction.
PG Hello friends! now let 's analyze the PG company my Wyckoff Line indicator, which you can access and which clearly defines the liquidity zone of professionals , as well as with which you can determine the liquidity zones and, accordingly, understand where the accumulation is .
Where is the distribution absolutely clearly and determined the repulsion from the liquidity zone at the very bottom
You can also see that I recently made a deal on the chart , this mark is marked with the mark b 1 ,
which also absolutely clearly indicated the purchase before the decline
On the right we see the relative strength index , which shows that at the moment the company is still in a negative moment relative to the market and it is not yet ripe for purchase at the moment and we must definitely wait until the price reaches the liquidity zone , after which we will already look at the relative strength index and certainly by sector
Thank you all
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$PG for long term?$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
for day trades or scalp play.
If you have any questions or suggestions on which stock I should analyze, please leave a comment below.
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PG is Bullish!PG sets to complete its inverse head & shoulder formation which would shoot the price to an ATH. It is the best time to make an entry now with the formation of Bullish Harami Candle.
Also, Bullish Divergence, ABCD pattern and retracement of price from 0.5 Fib level supports the idea.
Entry - 156
Target - 165
Stoploss - 153
Disclaimer: Not a financial advise. Do your own due diligence.
V BottomPossible stop under a pocket pivot or where you see support.
Earnings in July.
Long entry level is a level above resistance and is often used as a level to enter the security at or above this level, unless already in the security.
PG has met targets for the ABC Bullish pattern.
No recommendation
Support levels, trendlines and patterns can fail.
ABC BullishPG is fighting resistance the last few days and it may knock price down a notch. Support and resistance levels are often broken or the market would be ranging all the time (o:
Long candle wicks (TOPS) can show a struggle with resistance. Long candle tails can show price reaching for support.
Hopefully PG has completed it's fall from the ugly top.
I have noted over the years that the old reliable stocks pull back on a positive day for growth stocks.
This also looks like a make shift Inverse head and shoulders bottom.
No recommendation.
EPS (FWD)
9.99
PE (FWD)
24.70
Div Rate (FWD)
$5.52
Yield (FWD)
2.24%
Short Interest
0.81%
Market Cap
$185.34B
$PG in the up side?$PG just close above the ema lines last friday showing some possible momentum move.
recently PG got downgraded to neutral by two agencies due to inflation. but the downgrade
is not bad. average move per of PG is about 1.50-2.00+
Day trade or scalp target play: 04/04 /22
Buy call above 155.49 sell at 156.35 or above.
Buy puts below 154.32 sell at 153.56 or below.
option open interest expiration date: 4/14/22 or 5/20/22 expiration.
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
See you at 143?At the beginning of the year, I halved my position to 162. It often marks an important annual low in the first months of the year. End of February beginning of March it is possible to review an attractive price, if it reaches 143/145 I start to buy strongly. 148 is a good price, look Fibonacci level. i update in future. See you soon