PGCO34 trade ideas
PG - Elliottwave analysis - 5th wave up PG - It is in 5th wave up after 4th wave ended in expanded flat correction with C wave as diagonal structure. So stay bullish with stop level below 134.37 for target above 148 or higher level as 5th wave.
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PG - Elliottwave analysis - 5th wave up will start soon PG - It completed the 4th wave correction and starts moving higher. But need an impulse up move to confirm the next up cycle as final 5th wave up of impulse cycle. Stay bullish once it crosses above 138.82 level as confirmation level with stop level below 134.37 for target above 150-160 zone.
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$PG getting ready to flush to 200 MAPG at critical level. If it gives up 134.5 can go down to 130 and 127.x which is 200 MA
Procter & Gamble ~a safe gamble~The green arrow in the chart show the support being tested around $135.
The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.
RSI has slightly improved, showing bullish intent.
PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
PG - Elliottwave analysis - 5th wave up will start soonPG - It is within diagonal structure of C of Y of 4th wave correction. After which it will expected to start the bigger impulse 5th wave up, which will go above the 150 level to complete the whole sequence. So wait for confirmatory impulse up after 4th wave finishes the get in to the trade with low as stop level.
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PG -- Triangle. Maybe too earlyTriangle formation on the go, maybe is too early to recognize it but let's follow
$PG - watch for reversal to enter Wait a day or so to get confirmation that PG is headed north again.
PG bearish scenario:PG bearish scenario:
We have technical figure Triangle in US company The Procter & Gamble Company (PG) at daily chart. The Procter & Gamble Company is an American multinational consumer goods corporation. It specializes in a wide range of personal health/consumer health, and personal care and hygiene products; these products are organized into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. The Triangle has broken through the support line at 20/11/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 5 days towards 136.19 USD. Our stop loss order should be placed at 144.78 USD if we decide to enter this position.
Fundamentals:
- Procter & Gamble Co raised its annual sales and earnings forecasts on Tuesday, as coronavirus-driven home cleaning pushed sales of the consumer goods giant’s home care products as much as 30% higher.
- P&G also expects full-year core earnings per share to be up 5% to 8%, compared with 3% to 7% earlier, and said it would aim to buy back $7 billion to $9 billion in shares in fiscal 2021.
PG - Elliottwave analysis - Pump at 135-132PG - It is in 4th wave correction and C of Y wave is in progress and expected to finishes near 135 - 132 level, which will be considered the good buy set up for next up cycle as 5th wave in 4 hr time frame and can go up to 155 or higher.
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bearish divergence on PGPG hitting 52 week highs, you can see the bulls are losing steam as the RSI and MACD are making lower highs, the last daily candle got pushed down hard at the resistance line, looking for anther bearish daily candle for confirmation. I think we could easily see 104 in the coming days, the market as a whole is looking prime for a pullback. If we break trend line don't mind me. these bearish divergence calls are difficult to time and the divergence can last must longet than you think! trade carefully! this is not trading or financial advise!!!!!
PG - Elliottwave analysis - Dump then Pump set upPG - It is in 4th wave correction on 4 hr time frame, which may be turn out either triangle or complex sideway correction. So sell on bounce will be the initial trade set up near the zone 142-143.80 with stop level above 146.82 for target below 137-135 zone. Stay small in size as there will be alternate possibility of count. Once it completed the correction, it will then go higher for 5th wave up and go above 150.
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PG - Elliottwave analysis - Bull casePG - It is in the 5th wave of 3rd wave up in 4 hr time frame, where 4th wave seems finished in 30 min time frame. But need confirmation of impulse wave up in 5 min time frame for get in to trade. It is still underperforming the SPX, so wait for confirmatory move before get in to.
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Procter & Gamble intraday buy signals H1PG, H1: Mirror level + Support line + Side of Bollinger bands + Dragonfly doji + Hidden divergence
$PG run up to earningsstrong strong consolidation around the 20MA with 50D support.
we're a couple weeks out from their earnings so could expect another set up like last 30days leading into ER where the stock gained substantially.
PG product catalog has no reason to miss targets given covid
BUY in the next big volume with bouger move it to break the vwapwe have a bearish trend followed by a high volume at the bottom, and moving it to break the vwap is therefore it tests to be at the top of vwap, and therefore you can draw your money
