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Procter & Gamble Company (The)
Long

Procter & Gamble - watch 100SMA

By dorfmanmaster
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!

50ema-retestBeyond Technical AnalysisbuysignalChart PatternsExponential Moving Average (EMA)Technical IndicatorsParallel Channelproctergambleproctorsma100
dorfmanmaster

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