Analyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week,
I would consider purchasing the $152.5 strike price Calls with
an expiration date of 2023-8-4,
for a premium of approximately $2.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Dow jones breaks out , value and Health rocket higher.
Looking for PG to tag 160 in the next 2 weeks. Earnings is Friday.
Some tough resistance at 155 but once it breaks over that it's gone to resistance
Procter & Gamble is off to a strong rebound on the 1D MA50 with the 1D timeframe backing it up on very healthy bullish technicals (RSI = 64.041, MACD = 0.370, ADX = 25.513). With the 1D MACD just completing its 2nd Bullish Cross in more than a month, slightly over the 0.00 level, we will take this opportunity to buy and target the top of the longer term Channel Up...
Procter & Gamble is in a weekly uptrend but was hitting its „head“ on the 158.00 resistance. After consolidating there it fell through the local higher low, building a new lower low and is currently retracing to that former local low which acts now as a resistance. The stock showed large sell volume on that resistance last friday which suggests we might se another...
TECHNICALS -
HIDDEN BULLISH DIVERGENCE -
Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
STRONG SUPPORT LEVEL
It has also Reversed Twice from a Strong Support zone which had earlier acted as Resistance level indicating further upside potential for...
PG recently bounced off key fib levels to continue up the channel. Earnings will be reported on 7/28 which gives us a good size window to jump in and let this ride up.
Reasons:
• Bounced off key fib level
• Continues to follow an upwards channel
• Earnings within 6 weeks
Comment below and let me know your thoughts.
TECHNICALS -
Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock
It has also tested 50 Day Moving...
Last 2 weeks have been rough on value and most health stocks. When Risk assets (Tech) outperform, stocks like value and health which are consider defensive tend to underperform or outright correct.
I think in the upcoming g next 2 weeks there will be a rotation back into value.
Here's PG on the weekly approaching trendline support, fibonacci support ,...
On the 2 hr chart, PG was fighting heavy resistance for month. The supply /resistance zone is
on the chart from the Luxalgo indicator. Multiple touches but the zone was not broken.
Price has retraced down beyond the 0.5 Fib level. PG is tracking well with XLP the consumer
staples ETF shown as a thin black line on the chart.
The Luxaglo Echo indicator,...
PG had a triple bottom in March and now is again on an uptrend rest
march towards the all-time high of $ 165 which is the target here.
The volume indicator shows a slowly rising volume compared with March
with a spike on April 20th corresponding to a favorable earnings play.
The long term moving average shows the reversal of the downtrend
into a triple...
Procter and Gamble Co - 30d expiry - We look to Buy at 149.61 (stop at 146.11)
The primary trend remains bullish.
This stock has seen good sales growth.
This is currently an actively traded stock.
We have a Gap open on 21/4/2023 from 150.85 to 154.94.
A higher correction is expected.
Previous support is located at 149.50.
We look to buy dips.
50 4-hour...
You see its always about being patient
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If you are not patient then you
will make mistakes in your trades
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and you will miss good opportunities to make money
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Remember the aim is for you to make money
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The following steps have to happen:
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1. The price has to hit a new high on the week
2. The price has to gap up on the candlestick chart
3. The price has...
PG is way overbought here and approaching a shorter term triple top which it wont see on this leg. I would expect a short term correction to FIB .236 $147.12 then cloud support of $145.45 before possibly breaking through a triple top. Definitely a good trade for a scalp if those support levels are broken then we hold the short til next MA or support level. GL
Hi Traders,
Based on technical analysis, PG has just begin momentum in a bullish direction and is now a bullish sided market we can confirm that with all our RSI, Market momentum catcher and Market side catcher indicators all showing a green bullish signal. I'm expecting price to hit a target of 165.30, you can place a buy position around 150.50 or wait for a...
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