PG Proctor & Gamble Swing Long or Invest
PG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high volume area on the longterm profile.
Earnings are steady and consistent typical of a reliable but slow-mover.
The rising MACD lines and the RSI piercing through its Ichimoto cloud
serve to further confirm that PG is in a confluence sweet spot.
I see this as a good spot to dollar cost average into a holding of 100 shares
to be used to sell monthly options for income or alternatively purchase
a call option contract at a strike of about $10 below current price with
DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high volume area on the longterm profile.
Earnings are steady and consistent typical of a reliable but slow-mover.
The rising MACD lines and the RSI piercing through its Ichimoto cloud
serve to further confirm that PG is in a confluence sweet spot.
I see this as a good spot to dollar cost average into a holding of 100 shares
to be used to sell monthly options for income or alternatively purchase
a call option contract at a strike of about $10 below current price with
DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
Trade active:
PG Stock up 0.8 % in its early move through the confluence zone.
Trade active:
Another 2% rise for price and 14% on the call options.
Trade active:
Another 2% rise last Friday and a micro-pullback today. Entry signal for another option contract.