Technical Analysis
Have a great weekend.
Happy trading!
- PG is a beautiful chart, maintaining an upward trend channel year to date; meaning very clear support/resistance levels.
- The 100SMA (blue line) has been long-term support since late 2018.
- The 50EMA (red line) has been an excellent shorter-term support. If we can cross this (now) resistance, out next resistance level is $125. *It has been a great buy/sell signal.
- If we can't hold the 100SMA, the next support is the 200SMA, which is around $110.
Have a great weekend.
Happy trading!