See my chart, Just use the fib & linear regression lines for your trade setup. Your next buy long is 75 and or 70. For 2030 theme, ask yourself... What will the next 10 billion people on the planet consume? What products will they use from birth to adult? What products will those new consumers need to increase their quality of living & how can PG keep innovating...
What's that PG? Not sure what you're trying to say. Hmmm.
PG just keep unfolding as expected. Sure wish it would always be that clear. Actually it is very rare that a stock shows that nice of a pattern. Anyway we are in a corrective rally and the only thing I am confident about is it is not over yet. Even if the rally of past couple of weeks stopped right at the apex of a contracting triangle ( wave iv ) a common...
Even if I am still somewhat bearish on the overall equity market, I have to move to neutral on PG as it has reached minimum expectation. It is hard to say if the last wave of the decline from all time high is over. Much more a matter of opinion thus I am taking my chips off the table on PG. If bears are not done pounding the stock, ideal target is around 77-78 and...
If so, the overall market can be choppy down for a little while then rally to new high while PG would not confirm it. In other word, PG would be ending an impulse wave down right now ( the TREND ) then would go up in a choppy rally ( Countertrend ) before resuming its decline which would coincide with the beginning a decline in the overall stock market.
In a knee-jerk surge, Procter & Gamble broke out of the price band of an accelerating rising trend, as part of which it has been exiting the old broad band since March 2009. Upside targets are currently seen within the boundaries of a band which runs parallel to the previous one. The first upside target is the medium line of the band, USD 100. This target could be...