PGD trade ideas
PG - Ascending triangle breakoutSummary
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
RSI(14) @62.5 showing relative strength but not overbought
OBV is trending higher confirming the move
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
Long way downI know PG is a solid company but the rise in stock price is wild. Thinking about a short if the market turns. This chart reflect some the SP500 price action.
PG shortThis one is more for me to study something interesting. Obviously the momentum is up but a cycle is pointing to down right now
My PG Expectation - SHORTHi traders & investors,
I'm not going to take this trade or buy any puts or sell any calls. However, i am short bias and expecting PG to reach down to $85 - $80 level in the long run.
Disclaimer: This is not financial or investment advice
Trade safe,
Atilla Yurtseven
Procter & Gamble going down from hereProcter & Gamble looks overbought on the monthly, weekly and daily charts when looking at MACD and RSI
Procter & Gamble - watch 100SMA Technical Analysis
PG is a beautiful chart, maintaining an upward trend channel year to date; meaning very clear support/resistance levels.
The 100SMA (blue line) has been long-term support since late 2018.
The 50EMA (red line) has been an excellent shorter-term support. If we can cross this (now) resistance, out next resistance level is $125. *It has been a great buy/sell signal.
If we can't hold the 100SMA, the next support is the 200SMA, which is around $110.
Have a great weekend.
Happy trading!
PG: Weekly trend active...I think $PG is a good buy here, risking a drop under this week's low at least. Upside as per the green arrows but it may trend for much longer, judging by longer term charts and fundamentals for the company and macro trends.
Cheers,
Ivan Labrie.
PG - Weekly Mean Reversion - Bull Put Credit SpreadHigh Vol & High ROE Stock.
W RSI <10
Looking for Reversal to Mean higher.
Taking 115/110 Bull Put Spread.
with 120 Calls for directional bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
...Any questions just DM me and I will try and answer them... Ryan
Gillette, the best toxic masculinity can getApparently Procter & Gamble just realised that men aren't actually total garbage. So nice from them, thanks.
Never ever going to buy any of their products again.
