PG trade ideas
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
Procter & Gamble - watch 100SMA Technical Analysis
PG is a beautiful chart, maintaining an upward trend channel year to date; meaning very clear support/resistance levels.
The 100SMA (blue line) has been long-term support since late 2018.
The 50EMA (red line) has been an excellent shorter-term support. If we can cross this (now) resistance, out next resistance level is $125. *It has been a great buy/sell signal.
If we can't hold the 100SMA, the next support is the 200SMA, which is around $110.
Have a great weekend.
Happy trading!
PG: Weekly trend active...I think $PG is a good buy here, risking a drop under this week's low at least. Upside as per the green arrows but it may trend for much longer, judging by longer term charts and fundamentals for the company and macro trends.
Cheers,
Ivan Labrie.
