Procter & Gamble ~a safe gamble~
The green arrow in the chart show the support being tested around $135.
The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.
RSI has slightly improved, showing bullish intent.
PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade.
RSI has slightly improved, showing bullish intent.
PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
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