Hubert Senters here.
Let’s take a look at Procter & Gamble. Symbol is PG. And I know on these videos I cover a lot lf long trades just because more people are comfortable are going long than they are short.
In my opinion, I love shorting stuff. It feels like and it’s not always the case but it feels like you’re going to make double or quadruple your money, double or quadruple as fast because a lot of fear and greed associate with short and stuff like that.
But as the rest of the markets kind of going up Procter & Gamble is going down. So in my book that’s a decent short plus it’s below the cloud.
So same way slightly different for the target estimations. First, we’ve trade sideways here and we’re starting to pick up this thing to the down side.
Next potential targets on Procter & Gamble to the down side is going to be $120 to $114. Also this came up on one of my scans today on a 10-minute buy signal as you can see right here.
This is a 10-minute sell so here you had a sell signal below the cloud. 10-minute just stayed all the way that day.
And I like it when it re-visits it and closes back down below it so that is a 10-minute and then if you can confirm also that the 60 is doing well.
And it is continuing to go lower it’s usually a pretty good follow-up trade to the down side. So take a look at that if you like shorting stuff like myself.
Good luck. Hope it helps. See you on the next video.
Hubert.
