PG might be ranging -- snaking along -- before a retest of the lows. Then again, it might not. It's oversold with your MACD indicator. (The one you mentioned yesterday, AOL, wasn't oversold with that indicator.)
PG is at the upper Donkey channel, too, and close to the upper B band. The B bands are tightening, and that could mean a possible breakout, but a) the bands aren't tightening enough, and b) the breakout might be to the downside, as it was the last time the bands narrowed.
Also, SAR is signaling that it's in an uptrend, but it's been doing that for a while, while the stock has been going nowhere (and sometimes down).
So all in all, I see some positives and some negatives. It doesn't look like much of a sure thing to me.
But neither did precious metals, and look how stupendously they've performed lately, even though the longs are entitled to their legitimate profits. |
