TRADING TIPS

PG Nice Looking Long with Targets

Hubert Senters here. Let’s take a look at Procter & Gamble. Stock symbol is PG. Got a nice little break out today up almost $2. A dollar of 96 up to $2.52 percent. One of the biggest net gainers on The Dow. And as you can see this is a good example above the cloud where you could have got aggressive right here and then it came back and retested. It didn’t really go back below the standard line which is this purple line. And now you’re getting creep back up with the lagging line with you. Looks really good. Where is it going to go? It’s probably going to retrace its most recent high and low and hit anywhere in that $50 to $60 percent area so what I’m going to do here in the Fibonacci so I’m going to go from this most recent high to that most recent low. So next target for PG would be $81 rounded up $82, $81.95 so $82, $82 to $84.60. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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