PRG trade ideas
PG trading strategyPG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names;
while in terms of trading , we look for fluctuation to trade!
Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant;
If it breaks the downside, it could be the continuation trade for the 90.00 breakdown.
That's why I recognize it as a both sided trade.
1:1 1st kick and strict risk-reward stop are MUST of course!
In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there.
Let's see how it goes!
Long Trending LineThe stock has made a retracement as the fib predict. Also the stock is making trending line for go long. Wait to confirmation of the price to make the order.
PG - Potential Bump & run formation long from $90.07 upto $93.43 PG seems forming a possible bump & run formation. Fundamental is not really great but we are considering it as a pure technical play. To play this we would consider July 21st Calls - $0.95
* Trade Criteria *
Date First Found- June 20, 2017
Pattern/Why- Potential Bump & run formation
Entry Target Criteria- Break of $90.07
Exit Target Criteria- 1st Target $91.87; 2nd Target $93.43
Stop Loss Criteria- $88.76
Option - Would consider July 21st Calls @ $0.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)
longThere is a very strong support.
The stock bounced at it today.
The candle look great, it did a nice doji and a doji after a down move like that is sign of a reversal on the upside because the stock cant go down forever so i think we will see a reversal.
PG short we have classic 2.618 formation on PG plus structure I think is should fall to T1 88,50 then T2 87.10 and T3 85,4
Procter & Gamble : mm200 first targetVery interesting title for investors seeking dividend in constantly growing. The title is always in a descent phase under the MM7; the first objective is the MM200, the title often exceeds the testing has lower supports. From monitoring in the coming weeks for a long-term investment. Title suitable for investors, not for traders looking for quick gains.
A good oportunity to go long There is a 5-0 harmonic pattern and the end of the B segmento of the Eliot wave theory. So, i m buying in the last support. With my entry 83.43 and my stop is at 880.88 , and my first target is at 85.44 and the second target 87.32.
PG @ daily @ inside bullish 100&200MA - in a GAP curentlyTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
DOW Index & all 30 DOW Shares (MA 100 & 200 inside bullish) @ drive.google.com
Best regards
Aaron
PG short to 1st target point ~ 79.5 in 3 months
Indicator projection and upper stress line = 1 st long short target point around 79.5 in 3 months (62 bars)
Correction anticipated in PG !!! Prices lack momentum on its northward journey which can be seen in RSI that indicates a negative divergence in the trend. Prices anyway are hovering around its upper band of channel which itself is a resistance zone where a bearish candlestick pattern called 'Dark Cloud Cover' can be observed. Thus, current levels can be seen as an opportunity to go short for the target of 86 with stop loss above 90.40
