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💡PG technically based idea, we can see price is on SUPP zone, technically indicators showing we can expect higher bearish...
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....
PROTER AND GAMBLE COMPANY in daily timeframe corretion whereas Pricewise correction is almost completed but time expected to complete in this month end....120-125 is strong support zonee for this stock...breakout above 150 to take stock to levels 190 on next 6 months
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.
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...
Be prepared for a nice hit at the Procter & Gamble stock! We are approaching the target range, which will be an amazing opportunity to add this long-term bull to your portfolio or to stock up your position. Primarily, we are expecting the price to drop a little bit further until at least $124.86 and then skyrocket past $134.74 and eventually past $146.89....
Today, we will share our VIEW on PG.
a) The main structure of the current movement is the ascending channel, which has been broken, and currently, we can see the price on the edge of it
b) The second most relevant structure is the corrective pattern we can see on the edge of the ascending channel
c) If we have a breakout of the corrective structure (on...
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.
Here's the trade setup
1. PG is in a supply zone denoted in the red colour
2. Earnings is in a couple days which makes for an easy catalyst to turn this around from all time highs
3. There's a triangle pattern formed over past 4 months (see attached link) and these tend to have aggressive breaks
4. I am bearish the general market so that should further support...
