16Mar

Maximizing Profits: Procter & Gamble (PG) Elliott Wave Technical Analysis Unveils Lucrative Trends

PG Elliott Wave Analysis Trading Lounge Daily Chart

In our Elliott Wave Technical Analysis, we observe a prominent trend underway for The Procter & Gamble Company (PG).

Procter & Gamble Company NYSE: PG Elliott Wave Technical Analysis

The Procter & Gamble Company (PG) Daily Chart Analysis 
Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (3)

Direction: Upside in wave 1 of (3)

PG is trading below its All-Time High (ATH) and is approaching the bottom of MG2 around $165, where resistance is anticipated.

PG-Day-Stock-Chart-1...


 

PG Elliott Wave Analysis Trading Lounge 4Hr Chart, 15 March 24

The Procter & Gamble Company (PG) 4-Hour Chart Analysis

Elliott Wave Technical Analysis of PG

Transitioning to the 4-hour chart, we maintain our Elliott Wave Technical Analysis for PG.

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (v) of {iii}

Direction: Upside into wave (v)

We anticipate further upside movement into wave (v) after potentially completing wave i of (v). Despite touching $162 and reaching the 161.8% Fibonacci extension level ({iii} vs. {i}), we expect $165 to serve as a resistance level.

Conclusion:

Stay informed with our comprehensive Elliott Wave analysis for The Procter & Gamble Company (PG) to guide your trading decisions. Whether you're tracking daily or 4-hour chart movements, understanding trend directions and potential resistance levels can enhance your trading strategy.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: The Coca-Cola Company, (KO)

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PG-4Hr-Stock-Chart-1...

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