One ticker is showing signs of improving momentum after spending much of April and May in a choppy consolidation range. Price has rallied from the June lows near $141 and is now trading around $150, approaching the lower edge of the Ichimoku cloud. A sustained move above the cloud and the recent resistance zone near $151-$153 would strengthen the bullish case and could open the door for a retest of the March highs.

Are you aware of the phases of my P3 pattern? It has been the most rewarding tool for me in all of my trading. Here are the details.

On this PG chart, The PPO is providing a constructive signal. The PPO line remains above the signal line, and the histogram has been expanding higher, indicating increasing bullish momentum. This suggests buyers are gaining control after the recent bottoming process. Volume has been relatively steady during the advance, supporting the current move.

P3 Perspective: PG appears to be transitioning from a recovery phase into a potential trend-change setup. The rising PPO and improving price structure are positive, but confirmation would come from a decisive breakout above the Ichimoku cloud. Until then, the stock remains in a recovery trend with resistance overhead. Bulls want to see follow-through above $151-$153, while support is building near $147 and then $144.50.

Wishing you the best,

Wendy