PG trade ideas
Cup and Handle Ascending TrianglePG has a bit to go before reaching long entry level for the cup and handle pattern. It is also in an ascending triangle which is neutral until price breaks a trendline. If PG breaks up the full amount from the ascending triangle, it would put price to long entry level for cup pattern.
Price is close to the handle low and can be support if it holds. Price is now in the nose of the triangle and there is always a chance it could break to the downside. Sometimes they break down before they break up, or sometimes they just break to the downside. The theory is chances of an upside break is higher, but MR Market rarely does the same thing twice. (o:
No recommendation
P&G D1Procter & Gamble has good growth potential. The past year has been quite successful for the company. Due to the coronavirus situation, the company's products were very salable. Which led to high profits that spurred the stock to rise. Today the situation with the coronavirus is gaining momentum. The number of diseases around the world is growing very rapidly. This situation will increase the demand for products. The population of the planet is forced to observe hygiene measures. Large profit turnover will be a good incentive for the growth of stocks!
Activate!Another activation from a decision zone. However i am going to be prudent and wait for price to get me in the trade,so iv put a sell order just below my zone.
Entry: 133.84
SL: 138.14
TP: 121.30
Bias: UpPrice bounced from a cross trendline, with volume came in, i am expecting some short term upward movement in the future.
Wait. . . .just a bit!It looks like April could have been the start on a lower high on the Monthly for PG. Prices just couldn't continue the push started on March. Then the Weekly reinforces my bearish outlook with a strong 19 Arpil candle with good volume. On zooming in on the daily we have a bullish retracement going on so il wait price to hit and reject the 134-135 zone. That will make a good entry with an attractive R (target down at 120-121). . . . .but for now i wait!
$PG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PG after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
P&G - Buy for target of 145.P&G having strong support in the range of 134-135.
Can be bought at current levels for a target of Rs.145 in short term.
Analysis :-
1. Strong Uptrend
2. Trading Near Support
3. Price Action
PG bull outlook - After clean pierce of key level followed by daily retest and wick rejection, can anticipate move to short term move to upside (TP1)
- In long run, expecting some nice bullish momentum going into the rest of Q2
PG breakout$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.
