PG trade ideas
PG breakout$PG with a beautiful move out of the inverted H & S to break trend now backtesting while letting some technicals catch up to price.
Looking to enter when 20 SMA touch price!
ABC BullishPG has made quite a run already.
Looks like the oldies with dividends are doing well. Almost overbought today with RSI on 80. Not quite.
Ugly top, but appears to hit the down targets for that top and is recovering. Cup forming, not sure there is a handle yet.
Long entry level can be important for me. I tend to get psyched out when I see too much red )o:
$PG - Looking solid for reversalThis was THE trade for me this week...such a nice setup. Just watching these plays can be enlightening. You don't to chase many trades, just focus on the ones that work.
$PG - Reversal on the card?Price is acting well above the daily pivot. Inverse H&S setup. I expect test of 133 this week.
PG > 130Ticker: PG
Sector: Consumer Defensive | Household & Personal Products
Average Beta: 0.41
Set up: Head & Shoulders
Entry Price: 130.31
Stop Loss: 126.47
Price Target: 150+
Scale in/out: Scaling in as volume picks up supporting the bids as it crosses the 130 phycological figure. Scaling out to pay for the trade but from then set til target.
Will you trail: Will trail with previous day LOD
Next Earnings: April 20th
Previous Earnings: January 20th
ATR: 2.12 Dollars
ATV: 7.60 Million
Spread: 5c - 15c
Support: 126 Pivot
Resistance: 130, 133.5, 140, 145, ATH, Phycological Figures after ATH
Key Levels: 126, 130, 140, ATH
Short Interest: 0.67%
I really like this trade since PG is coming off of a healthy pullback from highs and has consolidated enough looking ready for a rebound back up. The head and shoulders is clear along with the resistance and support being tested levels. Otherwise, if this trade does not reach entry very soon it is completely fine as a bit of consolidation wouldn't hurt the trade but instead clear up the support and resistance levels even further.
The only issue is that it is very low beta but on the other hand there isn't really anything holding this trade back.
Pull Back Fishing Double BottomPG sems to be recovering from a double top.
Double tops, triple tops, Head and shoulders patterns are not a good thing. But securities do eventually recover and is not a always a death sentence. This one does have some work to do.
This one, to me is another defensive stock. It is capable of moving though. Good dividend and what I consider a "I can sleep at night" stock (o:
Not a recommendation.
PG needs to bust that top trendline of the falling wedge pattern to truly move. There is resistance there but falling wedges are bullish.
Double bottom to match the double top. Long entry for double bottom is the same as a break from the falling wedge. Go figure (o:
You can measure a double top, triple top, head and shoulders from the head to the shoulders, draw a line at the neck (usually obvious) then project it down to get a guesstimate of where the security may land. In this case, it was almost spot on. Then again, you just never know (o:
I have started getting the feeling that it may be time to move my cash to things I know well.
PGFor educational purposes only.
I am going long on this stock as long as the candlestick is still above EMA 8 line and the stochastics are not above the overbought area.
the b[AI]te's weekly insights -- PG 2021-03-08center stage attention
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our system found that PG received most attention over the course of last week.
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1 Unsexy stock for a diverse portfolio - PG $140 price targetGreat entry price on PG in my opinion.
It's not going to 5x your investment, but I do expect a 10-15% gain on PG over a 12 month time frame. **RISK** RSI showing a slight bearish divergence on the daily chart. But, let's consider the fundamentals for a second:
Firstly, I want to clarify, this is not a swing trade, but I always tell fellow traders if you keep chasing only high momentum stocks in your portfolio, the last 2 weeks must have been the hardest to live through for you. While I believe in disruptive companies, our portfolios need the dividend paying P&G sometimes, just so it doesn't tank your portfolio entirely.
P&G is a great candidate if you looking to diversify. In an era where everyone carries sanitizers and loads up on cleaning supplies, why is P&G sitting at the price it was before the March 2020 crash? Over the counter medication. Skincare products. Even commercial cleaning products. This is a diversified company that is recession proof.
Price support and targets are on the chart. The green support line traces back to the 2018 and 2020 "crash" lows. The blue support line is a historic channel high for P&G, I don't think the stock will test this in the current environment.
Buy here. Price target $140+.
Good luck traders.
Long Term PGThis morning I am putting on positions in NYSE:PG and NYSE:JNJ as long term holds.
They both fulfil my thesis that if Sector Rotation theory holds the next sectors to outperform should be Consumer Staples and Healthcare. Both companies represent these two sectors in ways. I like their chart patterns as they are right now within pullbacks. These are also good dividend paying stocks.
Pullback FishingPG has pulled back quite a bit after what looks to be a double top.
With top patterns, you can measure from the top to the support line of the structure, then project it downward from the support line to get a ballpark idea of where it may go.
Price is also below the bottom bollinger band set on an 80 moving average which can show extreme selling pressure.
There is also a falling wedge but price has no broken up and out of the falling wedge.
Not a recommendation
Understanding the different levels of PGToday, we will use the Daily chart to understand Bullish and Bearish directions on this stock
a) Currently, the price is on a Key Support/Resistance zone, and we can expect a bounce or a breakout
b) If we have a breakout of the current level, the next level we can find support is 112 - 110
c) If the price bounces on the support zone, we have 3 levels to pay attention to and a final target on 170
d) In case we have a bearish breakout, we will wait for the price to reach the next support zone before developing new setups.
e) In case we have a bounce on the current level, we will wait for a bullish breakout of the current flag pattern, and we will use the green line as the activation level. Final target on 170 / Stop loss below the Flag Pattern
Thanks for reading!
PGBased on my analysis:
1. PG formed inverted head & shoulder (17Aug20-11Jan21) and reached fibo phi ratio (1.618) on 12Feb21.
2. Right now, PG breakout minor down trendline (5Feb & 17Feb) and bounced on demand zone after formed hammer on 12Feb21.
3. Stochastic indicates bullish bias.
4. We can expect price will reach (1) 133 USD or (2) 134.20-134.65 USD (supply zone).
Syeikh Hafiz
Stock Market Analyst
PG - Upside down C&H (WEEKLY)Wow. That is one pissed off stock. On the weekly chart, RSI is falling with increasing magnitude and MACD/signal lines are diverging. Not the sort of signal you want to see when a stock is getting ready to reverse.
Look at that long slow decline on RSI & MACD -- clear divergence well before it hit ATH's. Someone who spotted that early in this formation has been sitting very comfortable in a very strong short. On Friday (Feb-12), price action bulldozed thru the 50 MA (eek!), and although there was a little uptick in buying the prior day, sellers remained in complete control on Friday (double eek!).
When prices fell to ~$100 in March, buyers rushed in to gobble up shares until about the mid teens, and they did so with way above average volume (50 million). Not even 30 million shares traded at the 50 MA. We're not yet at the demand zone. I wasn't surprised to see short volume ratio popped up to 7% (still very low) as of Friday night.
It's looking like we're forming an upside down C & H. Our price target should be at about $116 (looking like we would hit this target just before the next dividend). Just watch volume and see if the big dogs swoop in to buy. They may be interested in holding out until price action meanders down to the 200 period moving average on the weekly. If this stock is going to re-enter an accumulation phase, price action needs to fall significantly to shake out all the sellers. Given that, a price target of $105 is reasonable. I'm not sold on the 15-month long uptrend. My eyes immediately go to the 20-year trendline that this stock obediently returns to from time to time. It's long overdo.
Worth noting that this purported upside down C&H is also within a much larger head & shoulder formation. Open up the weekly going back to May-2018. Keep an eye on that for a right-shoulder formation.
PG: A stable and reliable pick for youProcter & Gamble: A stable and reliable pick for your portfolio
Buying Reason
1. PG is not even the top dividend choice among the American stock market; It does not have huge dividend payout growth compares to its peer.
However, PG is a solid buy for investors looking to add some stability and reliability to the portfolio, especially in this high evaluate atmosphere caused by technology companies.
2. PG is the leading stock in its consumer industry groups.
3. After a series of Quantitative Easing from the Federal Reserve Bank, we can expect that the Inflation will make the following financial report look great.
PG - range bound This is my kind of gamble...Proctor Gamble. Less of a gamble when you allow the trade to come to you.
Knowing where yearly high/low sit, you wait for the perfect setup. Although not 100% perfect yet, we have the price bouncing off yearly acting as support with pinbar setup pinning not only off of support but the Bollinger band as well. A solid confluence. With the TRND Bot buy signal about to fire, I'm heavy on calls here once I see how Tuesdays open turns out. Placing a stop loss right under support makes this less of a gamble trade and more of a proctor trade!
"Proctor is a person who takes charge of, or acts for, another. Purpose to provide accountability" Are you accountable for your trades?!
Good luck and safe trading!
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PG at multi month support levelProctor and Gamble finally touched it's multi month weekly chart support at $126.71
There is also a multi year price structure back from the lows in 2018. Every touch to the bottom of this price channel has resulted in a big move up sustained over a many months.
I am long call debit spreads targeting the swing trade zone of the down trend from the top or the nearest daily chart resistance at 135.85. Long shares as well in my retirement account.
Should be a high probability entry.
