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PGCO34 trade ideas

PG - Upside down C&H (WEEKLY)Wow. That is one pissed off stock. On the weekly chart, RSI is falling with increasing magnitude and MACD/signal lines are diverging. Not the sort of signal you want to see when a stock is getting ready to reverse. Look at that long slow decline on RSI & MACD -- clear divergence well before it hit ATH's. Someone who spotted that early in this formation has been sitting very comfortable in a very strong short. On Friday (Feb-12), price action bulldozed thru the 50 MA (eek!), and although there was a little uptick in buying the prior day, sellers remained in complete control on Friday (double eek!). When prices fell to ~$100 in March, buyers rushed in to gobble up shares until about the mid teens, and they did so with way above average volume (50 million). Not even 30 million shares traded at the 50 MA. We're not yet at the demand zone. I wasn't surprised to see short volume ratio popped up to 7% (still very low) as of Friday night. It's looking like we're forming an upside down C & H. Our price target should be at about $116 (looking like we would hit this target just before the next dividend). Just watch volume and see if the big dogs swoop in to buy. They may be interested in holding out until price action meanders down to the 200 period moving average on the weekly. If this stock is going to re-enter an accumulation phase, price action needs to fall significantly to shake out all the sellers. Given that, a price target of $105 is reasonable. I'm not sold on the 15-month long uptrend. My eyes immediately go to the 20-year trendline that this stock obediently returns to from time to time. It's long overdo. Worth noting that this purported upside down C&H is also within a much larger head & shoulder formation. Open up the weekly going back to May-2018. Keep an eye on that for a right-shoulder formation.
NYSE:PGShort
by SLOPolarBear
5
PG: A stable and reliable pick for youProcter & Gamble: A stable and reliable pick for your portfolio Buying Reason 1. PG is not even the top dividend choice among the American stock market; It does not have huge dividend payout growth compares to its peer. However, PG is a solid buy for investors looking to add some stability and reliability to the portfolio, especially in this high evaluate atmosphere caused by technology companies. 2. PG is the leading stock in its consumer industry groups. 3. After a series of Quantitative Easing from the Federal Reserve Bank, we can expect that the Inflation will make the following financial report look great.
NYSE:PGLong
by jimcurrywang
PG - range bound This is my kind of gamble...Proctor Gamble. Less of a gamble when you allow the trade to come to you. Knowing where yearly high/low sit, you wait for the perfect setup. Although not 100% perfect yet, we have the price bouncing off yearly acting as support with pinbar setup pinning not only off of support but the Bollinger band as well. A solid confluence. With the TRND Bot buy signal about to fire, I'm heavy on calls here once I see how Tuesdays open turns out. Placing a stop loss right under support makes this less of a gamble trade and more of a proctor trade! "Proctor is a person who takes charge of, or acts for, another. Purpose to provide accountability" Are you accountable for your trades?! Good luck and safe trading! Hit that like button! Follow/Share
NYSE:PGLong
by Verum0
2
PG at multi month support levelProctor 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.
NYSE:PGLong
by Kazparov
1
Bearish Triangle in Procter & GambleConsumer staples have lagged this year as investors look past the stay-at-home trend. The biggest stock in the sector, Procter & Gamble, is forming a bearish triangle pattern. The $128 level is important because it was resistance in February 2020 – immediately before the pandemic slammed markets. PG has been holding the level for more than two weeks while making lower highs. The diaper, soap and paper-towel giant also consolidated below its 200-day simple moving average. Interestingly, PG reported strong results on January 20. But no one particularly cared. Analysts also see conditions weakening as sales slow and commodity inflation bites into margins. Overall, PG isn’t an exciting new-technology stock, or an undervalued cyclical (like financials, energy and industrials.) It’s relatively expensive and offers little exposure to reopening or innovation. Lots of investors own it, which makes it vulnerable to selling as they look to enter more exciting areas. The lackluster response to PG’s last quarter suggests that may be happening. A period of distribution could be at hand. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:PGShort
by TradeStation
Flag Pattern above key Support on PGToday, we will share a bullish view we have on Procter & Gamble Co. a) After making a new ATH from JUL 2020 to NOV 2020, we saw a corrective movement that found support on the ATH before the Pandemic. b) Now, we can observe a key Support zone with a Flag pattern above it. c) Flag Patterns are considered continuation structures, and the confirmation level is when the price goes above B d) We expect a bullish resolution of this stock. IF the price reaches our confirmation level, and a bullish movement towards the First and second Fibo Extension.
NYSE:PGLong
by ThinkingAntsOk
2
Procter & Gamble: Hole in One? 🏌️Be prepared for a nice hit at the Procter & Gamble stock! We are approaching the target range, which will be an amazing opportunity to add this long-term bull to your portfolio or to stock up your position. Primarily, we are expecting the price to drop a little bit further until at least $124.86 and then skyrocket past $134.74 and eventually past $146.89. Alternatively, and with a chance of 46% not too far behind the primary scenario, we see the price drop to $118.66 after which the price should also draw a similarly steep line past $134.74 and $146.89. Don’t miss out on this one!
NYSE:PGLong
by MarketIntel
PG Bearish inclined naked calls - 22 Jan expiryJanuary's Secondary Trade This trade is slightly riskier and is the opposite of the general market movement ( bullish ). The reasons why I pegged this as bearish is: Based on the 9 Nov price movement due to the US elections, where post COVID-19 stocks spiked, PG fell. Consumer Defensive sector seems to be in a position where traders in the short term don't see much aggressive growth vs other sectors which have taken a beating and are poised for bigger climbs as we advance against the virus with the vaccines PG also seems to be contained in a range that puts my strike in a favorable position as it is near the upper S/R Line. I'm slightly worried about the Earning release on the 20 Jan and might close this trade before just to be safe. This trade will be hedged with a bullish VXX trade, paid by the Jan premiums Sold 7 CALLs @ 1.5, Strike 142 BP block: 17k Max gain est: $1045
NYSE:PGShort
by Ronin_trader