Procter & Gamble Co. has broken through the support line of a Pennant technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level to be around 157.45 within the next 7 hours.
Related Posts
Is the extremely large movement on NFLX a sign of things to come?
NFLX hits 1096.73 after a 26.43% move spanning 19 days.
A Channel Up has formed, NVDA is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
A Channel Up pattern was identified on NVDA at 106.38, creating an expectation that it may move to…
Extreme movement experienced on AMZN. Check this chart to see what to do next
Those of you that are trend followers are probably eagerly watching AMZN to see if its latest 11.87%…