Buy this Drop and Don't forgot about stop-loss
Since it began its uptrend in 1990, PG has made a significant step in the price. In long-time period I believe we will see the uptrend will continue, but we should be careful, for example the RSI is 49, less than 50 and this can be good and bad. This is good bc the price has a chance to grow more as I expect, around 8-10 percent, but it can be bad bc the 50 level is our resistance level, if the price can not break through 50 RSI we will see a slow down trend for this GIANT.
The MACD indicator shows us the possible rollback above the centerline in the near-term, which is a sign of the price will grow.
Let's analysis!
The Big Giant, like PG with Mkt Cap more than 200 billions can not fall like shares with small cap, so the risk/reward ratio for me is about 2/7 (from 10/10) yes of course there is a great example from GE how to fall from the highs, but PG isn't the same business as GE.
The price is still in the channel.
ENTER: $80
CLOSE: Around $90
Likes/Comments! Yes, please :)
The MACD indicator shows us the possible rollback above the centerline in the near-term, which is a sign of the price will grow.
Let's analysis!
The Big Giant, like PG with Mkt Cap more than 200 billions can not fall like shares with small cap, so the risk/reward ratio for me is about 2/7 (from 10/10) yes of course there is a great example from GE how to fall from the highs, but PG isn't the same business as GE.
The price is still in the channel.
ENTER: $80
CLOSE: Around $90
Likes/Comments! Yes, please :)