PG

[lori]

another chart from me. imagine that! Mr. Fibmaster, will you analyze this one too? thanx so much...
(the chart is PG)

[FibMaster]

PG is in a long-term uptrend, but is in a counter-trend retracement at this time. If the retracement supports a a FibLevel, it could set up a great entry for a long trade. Attached is a daily chart showing two support levels with horizontal blue lines. Either of those would be buy zones if the market does support there. Below those the chart is unattractive because the long-term momentum would be diminished.