PRG trade ideas
PAY of PROCTER & GAMBLEHello people, PROCTER & GAMBLE is about to break its long stabilization zone, it can always change, just pull it back.
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PG Long, Using EMA144 and SMA50 as support I combined my two scrips: Buy in long term uptrend and Draw SMA50 swing
I found EMA144 also good to be used in 60M chart to verify trend direction.
Condition:
Weekly chat: V Pattern,
60M:
1.Double Bottom
2.SMA50 Cross Over EMA144
3.Demand zone is confirmed
4.Trend line Break (TLB1)
Earning date: 7/17/2020 7:00 AM ET -- Earning will not affect this plan.
Entry: 117
Stop: 114.5; when Below EMA144
Target: 125; risk/reward=1:3
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
PG Approaching Go TimeClose to taking the 10day. NYSE:PG isn't so much of a typical trading play but would make a good long term position.
It takes the 10day at $117. Get it while the getting it good.
Today's risk can be managed at less than 1% off the 120min.
PG Possible LongLong above ~112. R1: 114, R2: 118.62 R3: 124.59
Short Below ~109 S1: 110.67 // 109 // S2: 107.39
- 14/30
1h: Looks to be trend reversal.
4h: Close enough for me. Possible 4H outside.
1D: 14 - 113.96 30 - 116.65
1W: 14 - 115.82 30 - 120.13.
Lets see a 1D 1W vac. PT R2 118.62.
PGExpect a pullback to $104 before it retests $107.39 resistance. Next stop is $111 if it breaks through #PG
Another good short entry?I just closed my short at 101$ which I opened at 114$. There might be another good setup soon.
PG for a retest a ATH 127Hi Traders
Procter & Gamble will go for a retest of the all time high area of 127 - 127.50 next week. As SMA100 and SMA200 are getting more and more flat this could be might a hint that it will not push trough it. Also watch out for a fake brake-out. First TP for a short will be SMA100.
Analyse PG on 2H TF Hello traders, this is my current analysis for PG.
We are currently on a relatively strong resistance, which corresponds to the volume profile, if the price bounces from resistance and then arrives to support, then based on even more indicators to consider entering a long position.
PG Longlong term higher highs, higher lows, retesting 100 EMA on the daily
buying 1 contract $120 C 3/20/20
PG - Ascending triangle breakoutSummary
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
RSI(14) @62.5 showing relative strength but not overbought
OBV is trending higher confirming the move
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
Long way downI know PG is a solid company but the rise in stock price is wild. Thinking about a short if the market turns. This chart reflect some the SP500 price action.
