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dorfmanmaster
2020년 2월 6일 오후 4시 3분

PG - Ascending triangle breakout 

Procter & Gamble Company (The)NYSE

설명

Summary
We have tested $126 over twelve times since December 16th.

Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.

Technicals
  • RSI(14) @62.5 showing relative strength but not overbought
  • OBV is trending higher confirming the move


To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.

RRR is 3:1
코멘트
nickatherton
Agree the stock is bullish and can see your ascending triangle pattern. My only concern would be a lack of upward momentum as indicated by negative Chaikin Money Flow and flat MACD (if you pay attention to those at all). Good luck and i guess we'll see!
dorfmanmaster
Today's close was not a good signal ($127.12), as we closed below the high of two days ago ($127.35); showing still some resistance.
Keeping on a watchlist though. Tomorrow's close should be very insightful.
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