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This morning I am putting on positions in NYSE:PG and NYSE:JNJ as long term holds. They both fulfil my thesis that if Sector Rotation theory holds the next sectors to outperform should be Consumer Staples and Healthcare. Both companies represent these two sectors in ways. I like their chart patterns as they are right now within pullbacks. These are also...
Today, we will use the Daily chart to understand Bullish and Bearish directions on this stock a) Currently, the price is on a Key Support/Resistance zone, and we can expect a bounce or a breakout b) If we have a breakout of the current level, the next level we can find support is 112 - 110 c) If the price bounces on the support zone, we have 3 levels to...
PG has pulled back quite a bit after what looks to be a double top. With top patterns, you can measure from the top to the support line of the structure, then project it downward from the support line to get a ballpark idea of where it may go. Price is also below the bottom bollinger band set on an 80 moving average which can show extreme selling...
The harmonic pattern is completed so we expect the long soon. It may want to drop to the buy zone first to eat up more liquidity or just take off now. I will keep this chart updated. Thank you for the support.
Today, 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...
The stock’s defensive characteristics add to its investment appeal. Core earnings were up 19% during health, and home goods, spurred by pandemic-fueled consumption (especially in North America), continued to drive its recent performance.
center stage attention stock our system found that PG received most attention over the course of last week. comment image we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs. new free tool we...
Great entry price on PG in my opinion. It's not going to 5x your investment, but I do expect a 10-15% gain on PG over a 12 month time frame. **RISK** RSI showing a slight bearish divergence on the daily chart. But, let's consider the fundamentals for a second: Firstly, I want to clarify, this is not a swing trade, but I always tell fellow traders if you keep...
Based on my analysis: 1. PG formed inverted head & shoulder (17Aug20-11Jan21) and reached fibo phi ratio (1.618) on 12Feb21. 2. Right now, PG breakout minor down trendline (5Feb & 17Feb) and bounced on demand zone after formed hammer on 12Feb21. 3. Stochastic indicates bullish bias. 4. We can expect price will reach (1) 133 USD or (2) 134.20-134.65 USD (supply...
Procter & 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...
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...
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...
Proctor 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...
PG IS NOW AT A .382 AND WAVE A X1.618 BEST OF TRADES BE SAFE
Consumer 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...
8 EMA crossed the 21 multiple times in the past week. If the 50 comes below the 8/21 I think we can expect a full bull play from the pennant forming.