PG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high...
Procter and Gamble Co - 30d expiry - We look to Sell a break of 135.66 (stop at 139.66)
Trading within a Corrective Channel formation.
There is no clear indication that the downward move is coming to an end.
Daily signals are bearish.
135.83 has been pivotal.
A break of the recent low at 135.83 should result in a further move lower.
Our outlook is bearish....
• Triple top formation in the first weeks of the year
• Followed by a correction to the price target of USD 143.60, which was the appr. high of the flag
• New flag formation with a price target of USD 124.94
• It looks like the stock will test the last October lows
Price has attacked the highs and broke out of the Wyckoff distribution schematic at 148.28. Following the order flow, price should be targeting the bullish POI at 130.87. Short-term wise, a retracement is expected, potentially into the bearish POI at 138.73 before continuing lower if a confirmation is given.
Hello Traders,
Nice opportunity on P&G for a long Trade with 2 areas to watch :
- 1st @ $136 zone
- 2nd @ $127 zone
Entry methodoly:
- Agressive entry with 100% of the position at level 1
- Conservative entry with 100% of the position at level 2
- Mixed approach : 50% of the position at level 1 and 50% at level 2
Happy trading
Procter & Gamble has struggled with weak product volumes recently, and now the stock could be showing signs of beginning a downtrend.
PG ended 2022 and began 2023 in a tight range between roughly $150 and $155. It broke lower on January 18 as earnings approached, followed by another drop after the results were made public.
The consumer giant stock then held its...
Since the break out of the larger falling wedge, we saw a straight impulse rally after that. Despite a recent downside correction, the stock saw a potential upside after a rebound above the support at US$139.22 with a hammer. The upside is likely to target US$146.00 in the near-term. The first target price is at US$148.51, followed by US$148.51
When we look at data from March 2021, the overall pattern seems to follow a cyclic pattern aligning with the green cycles. The smaller cycles in red are providing trend for the near term and price action seems to align with the smaller cycles as well for shorter time cycles.
For the pattern to continue, we can expect a basing phase around this time (this is also...
The PEAD projected a Neutral outlook for $PG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
1.19.23 Bobby's Homework Assignment: Part 1: I have decided to spend A specific amount of time read the charts when it is more difficult to make a decision about the market...when there is a greater chance that I will be wrong. Sometimes the decisions are more difficult to make because the markets Is more difficult to interpret. However, it's better to make a...
The shares of Procter & Gamble Company (Symbol ‘PG’) has increased its share value by about 15% in the last quarter of the year. Procter & Gamble Company is expected to report its earnings for the quarter ending December 2022 on Thursday 19th of January before the market opens. The consensus EPS is $1,57 compared to the result for the same quarter last year of...
A beautiful and mature bull flag has formed on a key zone of support for the P&G stock. Typically, best practice is to wait for the breakout but I like this chart set up so much I am starting a position at the lows of the flag. I have a healthy stop just under the flag formation.
Set your alerts, this one is going to make some moves soon!
