The price is becoming too steep. A healthy trend is around 45 degree. It is not good time to invest in something that is too steep.
NYSE:PG making new all time highs, and is looking for more! The RSI is very bullish, and looks to be moving back up as well indicating more upside momentum! With new highs comes uncharted waters, so I'm going to turn to the 2.168 fib extension for a target range. Hopping into the daily, it has been trading in an ascending wedge bounced right off that trend...
Daily shows overbought with candles showing rejection on the upper side of the channel. A short can be placed if we see an impulsive below 105 level on to test the uptrend line, better with a spike in volume as well. If not, a long is likely on bounce from the 105 zone. Please like and comment your thoughts on this!
Since it began its uptrend in 1990, PG has made a significant step in the price. In long-time period I believe we will see the uptrend will continue, but we should be careful, for example the RSI is 49, less than 50 and this can be good and bad. This is good bc the price has a chance to grow more as I expect, around 8-10 percent, but it can be bad bc the 50 level...
I don't follow this stock and it was a friend of mine who pointed it out to me. There is a massive amount of pain in this stock chart. First off, you had a bad, bad break of the 200 day moving average all the way back on January 23rd. If you were watching the charts, this should have been a pretty good signal that something was up with the stock. You also...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... DOW Index & all 30 DOW Shares (MA 100 & 200 inside bullish) @ drive.google.com Best regards Aaron