The daily candle closed in green and appears to confirm the double bottom formation right on the convergence of two support lines - support trend line and psychological demand area at $155. Expecting with high probability to continue to follow the trend line and retest $162 zone.
PG on the weekly chart gained 15% in a year and had a dip in the past two weeks with earnings
at the end of this week. PG persistently and consistently beats earnings estimates and pays a
dividend. Moreover, it consistently has a bit of a surge after earnings. I see this as an
opportunity to get a good stock on a 4% dip of a discount and hold it through...
As we dissect the price action and technical indicators for Procter & Gamble (NYSE: PG), we note the stock's recent oscillation within a defined trading range, offering potential insights into its future trajectory. The chart attached, dated mid-April 2024, provides a tapestry of technical indicators against the backdrop of a dynamic market environment.
Ichimoku...
I anticipate NYSE:PG to rise in value by about 40% and I am waiting for the price to reach a favorable level before purchasing the stock. Let's observe how the situation unfolds.
PG is clearly bullish, it will be interesting to take a long position if the price go back on my demand zone in grey to continue the bullish trend.
downside risk 3%
upside profit 20% & more
Hi traders,
let's take a look at the PG chart.
The price has been traded in the range.
We are expecting the price to bounce until it reaches the resistance line.
After it reaches the resistance, we can take short position.
Entry, target and the stop loss are shown on the chart.
What do you think?
This chart inside the video is an example of the rocket booster strategy:
---
Step #1 - The price has to be above the 50 EMA
Step #2 - The 50 EMA should be above the 200 EMA
Step#3 - The 50 EMA should cross above the 200 EMA
---
Rocket boost this content to learn more
--
Disclaimer: You will lose money trading take this as a warning!! Do not buy or sell anything i...
A price action above 148.00 supports a bullish trend direction.
Increase long exposure for a confirmed break above 152.00.
The target price is set at 154.00 (just below the 78.6% Fibonacci retracement level).
The stop-loss price is set at 147.00.
Almost testing its 200-day simple moving average, which might support the bullish price action.
Read this latest news here
There have been many cases of western brands that seems to make the mistake of no common sense in their advertisement , only to offer apology hereafter. What is their motive ? I dunno, could it be a reverse psychology strategy to get more hits and views ? Maybe........
But importantly, it has no bearings on its share prices. In...
If you haven`t bought PG here:
Then analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $2.84.
If these options prove to be profitable prior to the earnings...
