PROCTER & GAMBLE: This volatility implies a major market bottom.Procter & Gamble is neutral on both the 1D (RSI = 47.822, MACD = 0.180, ADX = 17.832) and 1W (RSI = 49.820, MACD = 0.340, ADX = 20.781) technical outlooks as despite last week's rebound and this ones early strong rise, it pulled back and is about to close the 1W candle flat. We are exactly on the 1W MA50, which inside the 2 year Channel Up has always been a fair level to go long. The 1W RSI indicates that last week's low may be the symmetric low to December 11th 2023. This kickstarted a rally that hit the 1.5 Fibonacci extension. Consequently we are bullish long term, aiming at just under the new 1.5 Fib (TP = 190.00).
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PG trade ideas
PG - Procter & Gamble Company (Daily chart, NYSE)PG - Procter & Gamble Company (Daily chart, NYSE) - Long Position; Short-term research idea.
Risk assessment: High {volume & support structure integrity risk}
Risk/Reward ratio ~ 1.33
Current Market Price (CMP) ~ 170.40
Entry limit ~ 169
1. Target limit ~ 174 (+2.96%; +5 points)
Stop order limit ~ 165.25 (-2.22%; -3.75 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
- hyphen = fixed value
Harmonically Bullish on Procter and Gamble. PGXABC bullish zigzag, within a structure harmonically consistent with a developing XABCD. In harmonic reactions, retracements are often indicative of extensions to follow, which in this case is 1.618. This conveniently aligns in a Fibonacci cluster with a .886 larger retracement, consistent with a Bat Harmonic. One thing about Bats is that they are the most common and the most reliable out of the harmonic family. Interestingly, MIDAS, VZO, Stoch and BB%PCT all flipped on literally the same candle? Fractal resonance anyone?
Upgoing on Procter and Gamble. PGReady to gamble with tight stops that we might be having and upgoing ABC here. We are monitoring this position incase this is not the actual break out. Price action is suggestive. Now, what do we mean by that? Anytime we have a plateau or flat price action after any short burst, it can be taken as and indication of more price action in the initial direction.
Procter & Gamble: Target Zone Ahead!Wave in dark green has been successfully completed, creating a new support level at $157.47 with its low. PG is currently working on the countermovement of wave , and we have outlined a Target Zone for the expected top (between $171.66 and $177.84). This price range could be an opportunity to take profits from long trades or establish new short positions. However, our alternative scenario, which allows for a breakout to the upside, holds a 34% probability. If the stock manages to climb above the resistance at $180.43, this will suggest that the broader uptrend continues. In this case, the low observed would not correspond to wave in dark green, but rather to wave alt.(IV) in blue. So, potential short positions could be secured with a stop-loss set 1% above the upper boundary of our Target Zone.
Procter & Gamble (P&G) Overview and AnalysisProcter & Gamble (P&G) is a global leader in consumer goods, offering a wide range of household, personal care, and health products. Their iconic brands, including Tide, Gillette, Pampers, and Olay, have made them a household name worldwide.
1️⃣ Past Performance: In their last two earnings reports, the stock jumped by ~12% after strong results.
2️⃣ Current Price: The stock has dropped to a key support level ($159), attracting buyers at a discount.
3️⃣ Upcoming Earnings: Set for January 22, 2025—a potential catalyst for movement.
4️⃣ Outlook: Analysts predict a price target of $209 by year-end, highlighting strong growth potential.
$NYSE:PG Setting up againAfter this bull flag breakout idea:
NYSE:PG has retraced back and giving 4 confluences to go long here:
* Bouncing off the Weekly 50 SMA
* Bouncing off the Daily 200 SMA
* 0.618 fib retracement bounce
* Bounce off of the ascending support line since 22'
The risk is weekly close under 50 SMA
The profit targets would be 175 & 180
I am looking at the 180C for February to cover earnings, can also go with LEAPS for peace of mind
PG heads up at $177: Possible double top here for a good reasonPG previously topped at this double fib zone for a reason.
Golden Genesis reinforced by a Covid fib for strong resistance.
Now to see if we get a "double top" here or a Break-and-Run.
$ 177.03-177.52 is the key zone of interest.
Looking for a rejection to supports below.
Or a Break-and-Retest entry for next leg.
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Bullish PG Bullish Call Options!Options Call for PG January 17, 2025!
Bullish Call: $170 Call at $5.30 on Robinhood, target price is $180 so it would be aproximetly a $11-13 option by the end of January 17th (+41D). The conditions are favorable with a Delta of 0.5902, an implied Volatility of 15.16%, and a Chance of Profit of 37.08%.
Stock Targets: 178 Target Profit, 170 Entry, 168 Stop Loss, it's a 2.58 Risk to reward ratio with a 7.65% Price Swing or 15% if PG overshoots to $190!
Chart Analysis: Bullish XABCD Chart pattern. Confirmed Bullish Breakout on the Regression Trend with a Bullish 3 Bars FVG.
Technical Indicators: Gabriel's Fractal TRAMA Dragon indicates a recent Bullish Reversal. There also is a Rising Buy Volume over the past 4 days with a Bullish Delta RSI 5 days ago, that is comfortably away from the Overbought condition. Next is the SMI-MFI Bullish KD% Crossover that was 6 days ago. Finally, there is my personal QQEMOD with a Bullish Momentum (-3D), Divergence(-8D), and a DMI Reading of a Weak Uptrend (-2D).
Market Sentiment: Bullish on Daily Charts, Bullish on Weekly Charts, and Strong Bullish on Monthly Charts!!!
Volatility Conditions: Wide Squeeze on Daily Charts, Normal Squeeze on Weekly Charts, but there is a Fired Squeeze on the Monthly Charts. This means that the price might overshoot to $190-195, if both the Squeezes on the Daily and Weekly charts are fired as well.
Gunning for an ascending triangle breakoutNYSE:PG has been on an uptrend for the past 1.5 years and although the larger trend may look distributive, the stock may gun for one more leg of upside as there is no strong selling pressure on 22 May when it corrected. In fact, after the 2nd selling at 168 resistance , the selling pressure became weaker and it forms a higher low, indicating strong buying pressure potentially.
Here's the plan, should the stock break out, I'm aiming to TP at 173.23 first as I think there might be a retracement thereafter. Afterwhich, I will allocate some position at 163.09 and 158.10 should there be any pullback.
The Procter & Gamble Company (P&G) | Chart & Forecast SummaryRight Here You Can See The Procter & Gamble Company (P&G) With The Symbol "P&G" Registered On The New York Stock Exchange. The Procter & Gamble Company (P&G) Is An American Multinational Consumer Goods Corporation Headquartered In Cincinnati, Ohio
The Following Chart & Forecast Summary On The Procter & Gamble Company (P&G) Has been Subject On
Key Indicators on A Trade Set Up in General Like A
1. A Push Set Up
2. A Range Set up
3. A Break & Retest Set Up
Overall Conclusion | Like The Trade Plan Execution & Risk Management On Demand It Tells Us
It Is A Neutral Bias For Now
PROCTER & GAMBLE Low risk buy opportunity on the Channel bottom.Procter and Gamble (PG) has been trading within a 10-month Channel Up (since December 15 2023) and on September 10 2024 priced the latest Higher High and got rejected. Even though it has broken below its 1D MA50 (blue trend-line), yesterday it tested and held the short-term Support 1 level, which is intact since August 14.
The 1D MA200 (orange trend-line) has been the absolute Support of this pattern, having formed just above it both the Higher Lows of July 30 and April 19. Yesterday's Low isn't as close to the 1D MA200 as those two but it is close enough to constitute a low risk buy for the medium-term, even though we might see a little more decline towards the Channel's bottom. Notice however the 1D RSI that made a clear rebound inside its 10-month Buy Zone.
As a result, we turn bullish on this stock and as with the last Higher High, we are again targeting the 1.5 Fibonacci extension level at 182.00.
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PROCTER & GAMBLE is bullish bouncing on the 1D MA50.Procter and Gamble (PG) closed yesterday on a 3-day red streak and the 1D candle almost touched the 1D MA50 (blue trend-line), the short-term Support, which is intact since August 14. The stock has been trading within a Channel Up pattern since the December 15 2023 Low, which is inside a wider Channel Up pattern since the 2022 market bottom.
The 1D MA50 is the first Support level of the 9-month Channel Up, with the 1D MA200 (orange trend-line) being the second (and last). The Higher Lows are priced below the 1D MA50 but currently we haven't completed most likely the Bullish Leg at hand.
Last April the price pulled back to the 0.382 Fib, which held and provided the final push to the -0.236 Fib extension for a Higher High. Currently the 1D MA50 test is also testing the 0.382. If it holds, we expect the stock to peak again near the -0.236 Fib extension. As long as it holds then, we remain bullish, targeting 182.00.
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Procter & Gamble Company (PG) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy