ABC BullishPossible stop below last pivot low or under a strong source of support.
Resistance noted right at price. If price makes it through this level, it could become support.
This may also be an ABC bullish pattern with A at 84.83. In an ABC bullish pattern C can fall around the .786 of AB but not always. Best to wait until there is evidence price stopped at C as it can go lower. This one stopped near an area of confluence and very close to a prior bottom.
No recommendation.
I do not feel comfortable entering at this level as I do not see strong support close enough for me to feel comfortable. We are all different. If price does not pull back some, then "oh well", I missed it )o:
Trading can be a waiting game.
PGR trade ideas
$PGR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PGR after a Positive Under reaction following its earnings release placing the stock in drift A
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PGR - Weekly & Daily SetupPGR
BUYZONE = 81 - 82
Cost Ang Down (CAD) = 70 -71
1st Target = 92
2nd Target = 98
HODL Target = ATH+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
PGRSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
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Buy rating for Progressive CorpEntry level $73.60 = Target price $78.00 = Stop loss $71.80
Upgraded from hold to buy with a $84 price target.
Indicators in a very bullish trajectory.
P/E ratio 13
Company profile.
Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The Other Indemnity segment manages run-off businesses. The company was founded in 1965 and is headquartered in Mayfield Village, OH.
PGR nice even double top and MACD divergence to downsidePGR looks to be rolling over from the double top at new highs. MACD diverging down and the slope seems to indicate PGR should be at just over $80. The pattern took 25 trading days and isnt as even a V-shape as we look for, but going to grab some July 19 80 puts just after the open today. Target to sell before end of the week.