PRG trade ideas
short P&G in the supply zone Here's the trade setup
1. PG is in a supply zone denoted in the red colour
2. Earnings is in a couple days which makes for an easy catalyst to turn this around from all time highs
3. There's a triangle pattern formed over past 4 months (see attached link) and these tend to have aggressive breaks
4. I am bearish the general market so that should further support a bearish move
5. Since brokerages are raising price targets in a supply zone, I would like to take a contra call
Strategy: bought october month puts @ 125 strike price for a target in the yellow zone. But, one can always be a little more greedy and wait for the move all the way down to the demand zone (green)
PG long term projectionPG is facing breakout the historical top price,163 and 185 to top and to bottom the region between 106 and 92.
Technical view of PG (Procter & Gamble ) Hello every one
PG shares test an important resistance level at 128.
With low volumes.
Therefore it is advised to reduce the amount.
Good luck
PG, The gamble did not happened...we were right in the direction but too low on our entry. lets wait for the next retracement.
PG: Ascending TriangleAscending Triangle
Descending Volume
200MA uptrend
PPS above 50MA and 200MA
250RSI above 50
ATR Neutral
R/R ratio High
If confirmed
PT1 = 157,05
PROCTER & GAMBLE (PG) May Keep Growing
PG showed a positive reaction to a 116.0 daily/4h structure support.
the price formed a double bottom with higher low on 1H and yesterday it broke above a minor horizontal resistance.
it looks like the stock will keep growing.
the best strategy for us is to wait for a retest of the broken resistance to buy.
initial goal - 119.0
PAY of PROCTER & GAMBLEHello people, PROCTER & GAMBLE is about to break its long stabilization zone, it can always change, just pull it back.
Please LIKE & FOLLOW, thank you!
PG Long, Using EMA144 and SMA50 as support I combined my two scrips: Buy in long term uptrend and Draw SMA50 swing
I found EMA144 also good to be used in 60M chart to verify trend direction.
Condition:
Weekly chat: V Pattern,
60M:
1.Double Bottom
2.SMA50 Cross Over EMA144
3.Demand zone is confirmed
4.Trend line Break (TLB1)
Earning date: 7/17/2020 7:00 AM ET -- Earning will not affect this plan.
Entry: 117
Stop: 114.5; when Below EMA144
Target: 125; risk/reward=1:3
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
PG Approaching Go TimeClose to taking the 10day. NYSE:PG isn't so much of a typical trading play but would make a good long term position.
It takes the 10day at $117. Get it while the getting it good.
Today's risk can be managed at less than 1% off the 120min.
PG Possible LongLong above ~112. R1: 114, R2: 118.62 R3: 124.59
Short Below ~109 S1: 110.67 // 109 // S2: 107.39
- 14/30
1h: Looks to be trend reversal.
4h: Close enough for me. Possible 4H outside.
1D: 14 - 113.96 30 - 116.65
1W: 14 - 115.82 30 - 120.13.
Lets see a 1D 1W vac. PT R2 118.62.
PGExpect a pullback to $104 before it retests $107.39 resistance. Next stop is $111 if it breaks through #PG
Another good short entry?I just closed my short at 101$ which I opened at 114$. There might be another good setup soon.
