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PROCTER & GAMBLE

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PRG trade ideas

PG Bearish inclined naked calls - 22 Jan expiryJanuary's Secondary Trade This trade is slightly riskier and is the opposite of the general market movement ( bullish ). The reasons why I pegged this as bearish is: Based on the 9 Nov price movement due to the US elections, where post COVID-19 stocks spiked, PG fell. Consumer Defensive sector seems to be in a position where traders in the short term don't see much aggressive growth vs other sectors which have taken a beating and are poised for bigger climbs as we advance against the virus with the vaccines PG also seems to be contained in a range that puts my strike in a favorable position as it is near the upper S/R Line. I'm slightly worried about the Earning release on the 20 Jan and might close this trade before just to be safe. This trade will be hedged with a bullish VXX trade, paid by the Jan premiums Sold 7 CALLs @ 1.5, Strike 142 BP block: 17k Max gain est: $1045
NYSE:PGShort
by Ronin_trader
What we can see on PGToday, we will share our VIEW on PG. a) The main structure of the current movement is the ascending channel, which has been broken, and currently, we can see the price on the edge of it b) The second most relevant structure is the corrective pattern we can see on the edge of the ascending channel c) If we have a breakout of the corrective structure (on the green line), We will consider that the view is active d) If the price goes as expected, the first Fibo level is a risk-free zone, meaning that we would move our stop loss to break-even e) Our Final target is 167, where we expect a 100 days movement f) Also, it's essential to pay attention to the invalidation level. If the price reaches it, we will consider that our view is no longer valid, and maybe a bearish movement could start.
NYSE:PGLong
by ThinkingAntsOk
2
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.
NYSE:PG
by legacyFXofficial
1