PG trade ideas
PG daily shooter after ER, bullish wherever you break!When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks;
at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk,
that's when stocks like PG and MCD start to be the major focus!
Here we got the daily shooter after its Earning report, a good long if it breaks to the upside;
also a good long if it pulls back to the demand zone or even the gap!
Let's see how it goes yo!
PG Now is Excellent Entry PointText book trading patent, now is the best time to buy. New high is expected by next week.
P&G channeling up Rational:
1) Trend is up;
2) Prices bounced of support at 82.70 ;
3) EMA 50 crossed above EMA 200;
4) RSI bottoming at around 45%, with a positive reversal in place ( See Vertical gray lines);
5) Resistance(s): 84.10 - 85.90;
6) Support(s): 82.70 - 81.25;
Trading Implications:
Buy at market open;
Target (s): upper Channel with 85.90 to clear first;
Stop: on a 2 days close Below 82.7, or an 2% break below it being 81.05 ;
$PG - forming a trend with 50 SMA as supportRecapturing the 200 SMA was cruial. Now opening up to a lot more space with the 50 SMA as support.
Buy this Drop and Don't forgot about stop-lossSince it began its uptrend in 1990, PG has made a significant step in the price. In long-time period I believe we will see the uptrend will continue, but we should be careful, for example the RSI is 49, less than 50 and this can be good and bad. This is good bc the price has a chance to grow more as I expect, around 8-10 percent, but it can be bad bc the 50 level is our resistance level, if the price can not break through 50 RSI we will see a slow down trend for this GIANT.
The MACD indicator shows us the possible rollback above the centerline in the near-term, which is a sign of the price will grow.
Let's analysis!
The Big Giant, like PG with Mkt Cap more than 200 billions can not fall like shares with small cap, so the risk/reward ratio for me is about 2/7 (from 10/10) yes of course there is a great example from GE how to fall from the highs, but PG isn't the same business as GE.
The price is still in the channel.
ENTER: $80
CLOSE: Around $90
Likes/Comments! Yes, please :)
8/30/2018 - Self ImprovementI've been trading for 5 months. I am by no means an expert so please don't solely go off my advice or my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
PG is entering a bull triangle and is consolidating near the top. I expect it to move sideways until it hits the end of the triangle and then have a very short pop up as it has not been consolidating or stuck at resistance for a long time. The 200 day MA is close and volume should show signs of getting stronger. Volume doesn't need to be crazy high because this resistance isn't a big one. I have stop buys at 84.11 and 84.44. My stop loss should be 82.99.
$PG Cup and handle - PT: ~82.50Nearly perfect formed cup and handle breakout developing. Expect to see this breach 82.00 as part of measured move for first PT.
Price projection - simpleJust a price estimations and projection.
No position just pure analysis
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
Thank you,
Ajion
Mirror Predicting Major Positive BreakoutHere I have what I have found to be a mirror of the PG stock which is about to predict a big positive breakout. As you can see all the valleys and peeks line up pretty close in time and price with their mirrored counterparts. Also I believe this will break positive because the rising wedge ( in yellow) tends to have positive breakouts in u shaped volume, which as you can see is u shaped. I will be providing the link to the site that i got that information from. thepatternsite.com
{In the U - Shaped Volume Section On The Website At the Bottom of The List is Rising Wedge For Upward Breakout}.
I am quite positive this will preform. What do you think
PG: Open gap as price target means a move higher is coming soonLast week marked a potential low for the month of May. Therefore a move upwards could push "PG" back into the trend channel towards the open gap.
Entry: Above $71
Target: Open gap, above $76
Stop loss: Last week's low, $70
PG Long Term SupportPG has found long term support from a rising trend line that coincides with a major 61.8% retracement. This is a great place to buy for a longer term play on a great company.
