4PG trade ideas
Procter & Gamble opportunityDaily shows overbought with candles showing rejection on the upper side of the channel. A short can be placed if we see an impulsive below 105 level on to test the uptrend line, better with a spike in volume as well. If not, a long is likely on bounce from the 105 zone.
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Proctor & Gamble Finalizing 5th Wave Up in Parabolic Fashion Analysts predict that Procter & Gamble earnings growth rate will slow down to 6.88% over the next 5 years. The recent rally in PG's stock price however, would have you believe the company's earnings and revenue were growing at a double digit rate.
From a technical perspective, indicators are rolling over as the stock is climbing in a parabolic manner inside a rising channel.
The best way to play PG for a downside move is to fade the trade by shorting the stock. First, we will set a sell stop below the 10 day EMA. A close below this level should see the stock dump to the 50 day or previous break out spot and create the "A" leg of an ABC correction. On a bounce, we will look for a failure at "B" and add to our short below the 50 day EMA.
Our initial profit target for PG is $94 and secondary target of $86 ("C").
PG reaching new All Time High: Go SHORT!NYSE:PG
(I see an upside down Giraffe/H pattern with a severe Bear Div.)
Im contrarian on this as Proctor & Gamble hit a new ATH. At best, volume here has been weak compared to lower zones. Don't buy the top and get stuck for 2 years. Im seeing SHORT all over. Don't discount the Bear Div. and the No Volume support. Watching for an 15-18% pullback. Don't buy the Top!
PG BREAKING UPWARDS TRENDLINEPG just broke out of an upward channel on the daily. Last time it did this in October it dropped significantly before returning to the channel. If this is confirmed today with a close below the line, I think a reasonable short price target is 87 range. Could go with some further out, but I think 87 is a conservative short, especially with the SPY looking more and more bearish.
THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
PG - Potential effects of the Gillette's new campaignPG - Potential effects of the Gillette's new campaign
$PG is PG finally confirming a diamond top breakdown?With ER releasing in 1 day, is PG confirming a diamond top breakdown?
short target 84 82 long target 103 105
$PG is a confusing tradeIt has been making higher high and lower low, but the divergence & volume is not favorable to the bulls. Let's see how this will play out in 2019.
PG is very strong in this collapseDow component and consumer staples giant PG has only falled 5.6% from the highs, compared to nearly 20% in the general market. It did not participate in the second of the three collapses in Q4. The price action from July-August can now be seen as the upper half of a pitchfork, and we are now at the lower half and right on the 50-day SMA. This is a gamble on Q4 being a correction not the start of a bear market, of course, hence my tight 1.5% stop.
$PG Swing Idea (Daily Chart)Buying Zone: $86 to $88
Stop Below: $84
Note: Only if matket makes bottom and reverses from there.
Attack of the Proctoids!This is another Great American company that has lost its way in the weeds of financial engineering. Apparently, that whole idea of selling off ‘mature’ (profitable) brands hasn’t translated into stock price appreciation. It also suffers from management by consensus. Bet the employees get to go to great Team Building camps. This company would outperform if it got back to its roots researching new consumer products, and developing (even acquiring) small brands into large profitable businesses.
This stock would make a good addition to one’s income producing side of one’s portfolio when it gets back down to around $26 in the next couple years. Probably could trade out your TLT’s for it at the stock market bottoms.
A corrective wave has formed to keep going upA corrective wave has formed to keep going up. OB cut
Weekly chart
RSI (14) near 70
Stoch (89) >90
The MACD rises obove the signal line
