PG trade ideas
PG bearish scenario:PG bearish scenario:
We have technical figure Triangle in US company The Procter & Gamble Company (PG) at daily chart. The Procter & Gamble Company is an American multinational consumer goods corporation. It specializes in a wide range of personal health/consumer health, and personal care and hygiene products; these products are organized into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. The Triangle has broken through the support line at 20/11/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 5 days towards 136.19 USD. Our stop loss order should be placed at 144.78 USD if we decide to enter this position.
Fundamentals:
- Procter & Gamble Co raised its annual sales and earnings forecasts on Tuesday, as coronavirus-driven home cleaning pushed sales of the consumer goods giant’s home care products as much as 30% higher.
- P&G also expects full-year core earnings per share to be up 5% to 8%, compared with 3% to 7% earlier, and said it would aim to buy back $7 billion to $9 billion in shares in fiscal 2021.
PG - Elliottwave analysis - Pump at 135-132PG - It is in 4th wave correction and C of Y wave is in progress and expected to finishes near 135 - 132 level, which will be considered the good buy set up for next up cycle as 5th wave in 4 hr time frame and can go up to 155 or higher.
Give thumbs up if you really like the trade idea.
bearish divergence on PGPG hitting 52 week highs, you can see the bulls are losing steam as the RSI and MACD are making lower highs, the last daily candle got pushed down hard at the resistance line, looking for anther bearish daily candle for confirmation. I think we could easily see 104 in the coming days, the market as a whole is looking prime for a pullback. If we break trend line don't mind me. these bearish divergence calls are difficult to time and the divergence can last must longet than you think! trade carefully! this is not trading or financial advise!!!!!
PG - Elliottwave analysis - Dump then Pump set upPG - It is in 4th wave correction on 4 hr time frame, which may be turn out either triangle or complex sideway correction. So sell on bounce will be the initial trade set up near the zone 142-143.80 with stop level above 146.82 for target below 137-135 zone. Stay small in size as there will be alternate possibility of count. Once it completed the correction, it will then go higher for 5th wave up and go above 150.
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PG - Elliottwave analysis - Bull casePG - It is in the 5th wave of 3rd wave up in 4 hr time frame, where 4th wave seems finished in 30 min time frame. But need confirmation of impulse wave up in 5 min time frame for get in to trade. It is still underperforming the SPX, so wait for confirmatory move before get in to.
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Procter & Gamble intraday buy signals H1PG, H1: Mirror level + Support line + Side of Bollinger bands + Dragonfly doji + Hidden divergence
$PG run up to earningsstrong strong consolidation around the 20MA with 50D support.
we're a couple weeks out from their earnings so could expect another set up like last 30days leading into ER where the stock gained substantially.
PG product catalog has no reason to miss targets given covid
BUY in the next big volume with bouger move it to break the vwapwe have a bearish trend followed by a high volume at the bottom, and moving it to break the vwap is therefore it tests to be at the top of vwap, and therefore you can draw your money
V Bottom Rising WedgeNeutral.
Long if safe from rising wedge pattern which is often bearish at the top
The Ascending triangle top trendline may provide support if this stock falls. Very strong stock so no telling
Looks to be trying to make a new high right now.
Just beware of the rising wedge pattern. Sometimes a stock does break up and out of this pattern. Often they break down from this pattern
NV is still high.
Procter and Gamble long term prevision (many years ahead). 220.Procter and Gamble long term prevision (many years ahead). Bullrun to 220.
Current price at the end of fibonacci long sequence.
Calculated with fibonacci short sequence possible goal 220, long term prevision.
TARI CONDROHi guys,
let's see if we get all the credi from this sold iron condor!
Weekly option, 4%strike, 90% probability of success
More details about the strategy on my profile!
Enjoy your wallet!
Tari.
PROCTER AND GAMBLE: Seize the opportunityThe stock market represents a nice chance which must not be missed. Actually, winning is such easy if we consider these actions:
Firstly, we enter the stock market as a buyer and take a long position in the appropriate time as indicated in the chart;
Secondly, we leave through a short position in order to sell and collect our gain;
Thirdly, we buy once again since the higher tendency of the market
Finally, we close the market with a last short position.
The chart, especially the candles , show the right time when each action should be taken.
Traders who believe in this recommendation: write in comments.
P&G divergencesHey everyone,
there are a few divergences in the RSI, the moving averages and the volume... I wouldn't swear the price turns downwards immediately but i think it will happen in the next few days.
So for me it's a short.
Entrance: 134.20$
Stop: 136.40$
Goal: 130$ - 128.50$
Much fun and good luck!
Leave a follow please, my goal is 200 :)
BUY!BUY!BUY!Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
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PG forming double Bull PatternA double bull pattern can be seen forming a Cup & Handle pattern as well as a Ascending Triangle.
Need to watch out for break out above 128 Levels..
Disclaimer: Not an advice to Buy or Sell!!
