PG time to go LONGPlaying Trading Simulator Game:
One of the most active options traded on Wednesday 17JAN18.
95% of them were calls.
Watch for entry between 10:15 and 11:15
PG trade ideas
MACD IndicatorIn the graphic above, is shown how the MACD indicator works, there are two lines of different colors, one of them is blue which represents the difference between two exponential moving averages, one of 12 periods and the other of 26 periods; while the orange line, also known as the signal line, represents the 9-period exponential moving average of PG prices -0.15%.
This indicator sends orders to buy and sell the shares acquired to hold a position, either long or short term, depending on the behavior of the moving averages used, at the moment when the blue line crosses the orange line above it, a Short-term operation is executed. in case of the opposite, a long position will be assumed.
For the case shown, having applied the MACD for that period of time, a profit would have been obtained, since only a small loss was taken in the fluctuation of the share price.
Stocks that have raised dividends for at least 25 Years11-18-17 – PG – On the daily PG has been trending upward since September 2015. Recently, it put in a high in sept 2017 and has failed to make a higher high. The stock has also made an equal low at 86ish which it had traded at in Jan, May, and July. The stock bounce of that area at the beginning of Nov. At the Moment, short-term, we need to see what it is going to do. We are in an area where it is best to sit on our hands and not try to guess the direction of the trade. If PG breaks the 86ish area the next target would be 83.50ish and then 81ish. On a Longer-term weekly chart, we are clearly bullish and has actually created a Higher high of 94.67 on 9/18/17 vs 93.89 on 12/22/14. I would like to own this stock at a lower price since it is trading near the highs, so we may want To wait for a pullback if we were trying to time the market a little better. Since Procter & Gamble is among the world's largest consumer products companies We can expect this company & stock, typically, to stay relatively stable in a down economy and stock market. PG has raised its dividend annually for 60 years in a row. Dividend & Yield is 2.76 (3.09%)
PG at SupportI was too early on my first go at PG bouncing off of this strong support level. I should have taken note of the bear strength that drove price downward and anticipated some sort of pull back and retest.
The bear pressure has since rounded out and we've got a nice swing-low, deep in the support area. The swing-low candle itself was a hammer, followed by a decently bullish day, making for a convincing little pattern that price may finally be ready to turn around.
PG trading strategyPG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names;
while in terms of trading , we look for fluctuation to trade!
Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant;
If it breaks the downside, it could be the continuation trade for the 90.00 breakdown.
That's why I recognize it as a both sided trade.
1:1 1st kick and strict risk-reward stop are MUST of course!
In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there.
Let's see how it goes!
PG - Potential Bump & run formation long from $90.07 upto $93.43 PG seems forming a possible bump & run formation. Fundamental is not really great but we are considering it as a pure technical play. To play this we would consider July 21st Calls - $0.95
* Trade Criteria *
Date First Found- June 20, 2017
Pattern/Why- Potential Bump & run formation
Entry Target Criteria- Break of $90.07
Exit Target Criteria- 1st Target $91.87; 2nd Target $93.43
Stop Loss Criteria- $88.76
Option - Would consider July 21st Calls @ $0.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)
