PG - Ascending triangle breakout
Summary
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
- RSI(14) @62.5 showing relative strength but not overbought
- OBV is trending higher confirming the move
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
Disclaimer
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