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Procter & Gamble ~a safe gamble~
Procter & Gamble Company (The)
Long
Procter & Gamble ~a safe gamble~
By dorfmanmaster
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Dec 8, 2020
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Dec 8, 2020
The green arrow in the chart show the support being tested around $135.
The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.
RSI has slightly improved, showing bullish intent.
PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
Chart Patterns
consumer
defensive
dividend
Technical Indicators
proctergamble
SPDR S&P 500 ETF (SPY)
staples
Trend Analysis
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