PG is fighting resistance the last few days and it may knock price down a notch. Support and resistance levels are often broken or the market would be ranging all the time (o:
Long candle wicks (TOPS) can show a struggle with resistance. Long candle tails can show price reaching for support.
Hopefully PG has completed it's fall from the ugly top.
I have noted over the years that the old reliable stocks pull back on a positive day for growth stocks.
This also looks like a make shift Inverse head and shoulders bottom.
No recommendation.
EPS (FWD)
9.99
PE (FWD)
24.70
Div Rate (FWD)
$5.52
Yield (FWD)
2.24%
Short Interest
0.81%
Market Cap
$185.34B
Long candle wicks (TOPS) can show a struggle with resistance. Long candle tails can show price reaching for support.
Hopefully PG has completed it's fall from the ugly top.
I have noted over the years that the old reliable stocks pull back on a positive day for growth stocks.
This also looks like a make shift Inverse head and shoulders bottom.
No recommendation.
EPS (FWD)
9.99
PE (FWD)
24.70
Div Rate (FWD)
$5.52
Yield (FWD)
2.24%
Short Interest
0.81%
Market Cap
$185.34B