Crossed the 50 & 200 SMA and current markets conditions favour consumer staple stocks.
$PG just close above the ema lines last friday showing some possible momentum move. recently PG got downgraded to neutral by two agencies due to inflation. but the downgrade is not bad. average move per of PG is about 1.50-2.00+ Day trade or scalp target play: 04/04 /22 Buy call above 155.49 sell at 156.35 or above. Buy puts below 154.32 sell at 153.56 or...
A very nice impulse is underway on this stock. This one appears to be multilayered, so we may come back to this again and again for further long positions in the future. Large cap stock so not super volatile, but an opportunity is an opportunity. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game....
Procter & Gamble's stock price gains have lagged the broader stock market for much of the pandemic. While sales and profits have skyrocketed since the beginning of 2020, the consumer sector giant has been left behind in a rally that has pushed fast-growing niches to new highs. But that performance gap is closing as investors` interest in hot tech stocks fades....
Welcome to our Weekly V2-Trade Setup ( PG ) ! - 4 HOUR Small pullback towards previous sr level. DAILY Expecting more bullish pa now! WEEKLY Good long setup.. - STOCK SETUP BUY PG ENTRY LEVEL @ 143.37 SL @ 140.98 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for...
PG looking good. Expecting another green candle tomorrow breaking over resistance. 3 green soldiers. In on $145 calls expiring 8/20.
The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model.
The Consumer Staples sector - here represented by Procter & Gamble (PG, in pink), Coca Cola (KO, in yellow) and PepsiCo (PEP, in purple) - are mostly not strong early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... KO & PEP fell from peaks in July 1998, then a period of over six months of weak...
- After clean pierce of key level followed by daily retest and wick rejection, can anticipate move to short term move to upside (TP1) - In long run, expecting some nice bullish momentum going into the rest of Q2
wave 4 pullback ended look for above 140
I'm back... from my social media ban and from a great vacation! I wanted to follow up on my last few weeks of videos and update everyone on what I think the market is doing!
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...
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...
PG IS NOW AT A .382 AND WAVE A X1.618 BEST OF TRADES BE SAFE
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.