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dorfmanmaster

Procter & Gamble ~a safe gamble~

Long
Procter & Gamble Company (The) (NYSE:PG)  
dorfmanmaster  
NYSE:PG   Procter & Gamble Company (The)
Trend Analysis Chart Patterns Technical Indicators proctergamble staples consumer dividend defensive SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern indicator proctergamble staples consumer dividend defensive spy
The green arrow in the chart show the support being tested around $135.

The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.

RSI has slightly improved, showing bullish intent.

PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
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