Up Channel is evident Price now looks like it is forming a sort of bullflag to jump out of this up channel, this can be emphasized with a trend line (hammer and up arrow)
You can buy it Target 121.24 stop loss 109.54 money management is your responsibility I recommend entering a maximum of 10% of the portfolio. good luck
The PEAD projected a Bullish outlook for $PGR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 40%.
PGR: Progressive Corporation 2022-05-18 08:16:47 Progressive Announces Quarterly Common Share Dividend, Share Repurchase Authorization, and April 2022 Results
Good morning all! On this stock, as you see on the chart we have a big probability of a downtrend, because we have a breakout with force the vwap indicator and at this same time the breakout of the support line.thanks.
The PEAD projected a Bullish outlook for $PGR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 25%.
anything below 83 will invalidate this count. viewing this monthly chart in a possible triangle in the c of 4 wave. historical & near term trendlines gives me bullish fever...
NYSE:PGR may be ready to make a move. Tested the bottom four times around $89.50 and it wouldn't break. MACD just turned positive Today's bar broke a trend line and closed above all the congestion from Nov 20 EMA crossed above the 50 EMA and they are both positive and accelerating.
PGR Daily wolfe wave bullish. A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
description in the chart itself education only I like elliott wave/........
education only I don't have much else, just appeasing the software that is requiring a longer description
OVerall temperature of Progressive will be heating up....long term evaluation remains bullish
Fundamental background: The firm announced that it had completed the purchase of Protective Insurance in a deal worth $338 million, outlining further growth plans. The Barclays's target is 84 USD.
With earnings coming out there was a gap down which was met with strong buying. PGR is near its bottom trend and looks like its a good buy here.
$PGR possible reversal at lower trend line of descending wedge. Upside target could test recent highs. MACD +divergence looking to confirm. Stop at recent lows.
Consolidation is broken upwards with the minimum target level around 112.
Progressive (PGR), the third-biggest auto insurer in the US. Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years. (from Seeking Alpha) Harmonically we are at an interesting juncture where there appears to be a confluence of two Bullish Harmonic Patterns. We are also at a .618 of the recent range...