PG at multi month support level
Proctor and Gamble finally touched it's multi month weekly chart support at $126.71
There is also a multi year price structure back from the lows in 2018. Every touch to the bottom of this price channel has resulted in a big move up sustained over a many months.
I am long call debit spreads targeting the swing trade zone of the down trend from the top or the nearest daily chart resistance at 135.85. Long shares as well in my retirement account.
Should be a high probability entry.
There is also a multi year price structure back from the lows in 2018. Every touch to the bottom of this price channel has resulted in a big move up sustained over a many months.
I am long call debit spreads targeting the swing trade zone of the down trend from the top or the nearest daily chart resistance at 135.85. Long shares as well in my retirement account.
Should be a high probability entry.
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