Wanted to breakdown my trade in PG from earlier today. When I was scanning through my watchlist late in the day I stumbled upon PG which looked like it had built a nice base level near $99. I didn't expect a big move out of this stock but felt like we could see at least 10% before the end of the day. Lets go to the chart and check out the trade.
As you can see above the entry was executed perfectly at $99.01, basically caught the bottom on this trade. The green and red lines on the chart are actually the Opening Range Breakout (ORB) lines. Occassionally I will use those as intraday Support/Resistance levels. In this case I basically used that as a support level upon entry. We got a nice pop on this trade and rode it up to $99.20s for a quick 10% profit. 💰️
Hopefully some of you in the chat room were able to capitalize on this trade and lock in gains!