PG trade ideas
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 - Possible Cypher ?Hi
I'm new here and rather new to trading.
My intention is to post possible trade setups based on harmonic patterns.
Any feedback is much appreciated - trying to learn!!
Could this be a possible Cypher setup?
Failure to breakout to new highWith the failure of new highs, I'm looking for a completion of bigger ABC correction.
Simple S/R Strategy: Trade #5 - PGNailed this with PaperMoney the last time it bounced off of this support. PG beat earnings on the 20th so just waiting for another reversal.
If triggered in, I'll determine how long I intend to be in this trade at that point.
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!
Long Trending LineThe stock has made a retracement as the fib predict. Also the stock is making trending line for go long. Wait to confirmation of the price to make the order.
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.)
longThere is a very strong support.
The stock bounced at it today.
The candle look great, it did a nice doji and a doji after a down move like that is sign of a reversal on the upside because the stock cant go down forever so i think we will see a reversal.
PG short we have classic 2.618 formation on PG plus structure I think is should fall to T1 88,50 then T2 87.10 and T3 85,4
Procter & Gamble : mm200 first targetVery interesting title for investors seeking dividend in constantly growing. The title is always in a descent phase under the MM7; the first objective is the MM200, the title often exceeds the testing has lower supports. From monitoring in the coming weeks for a long-term investment. Title suitable for investors, not for traders looking for quick gains.
