PGR and insurance stocks ready to bounce?Looks like the tickers in the insurance space is ready to make a bounce, after been selling of for days. Lets see.
PGR trade ideas
PGR (Long) (Weekly Income)Asset Class: Stocks
Income Type: Weekly
Symbol: PGR
Trade Type: Long
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 246.66 (Confirmation Entry)
Stop: 234.70
TP 282.53 (3:1)
Trade idea:
A price pin into a daily demand zone , Buying the breakout on the 1H TF as the price pullback and the SL at the distal line of the DZ (Conservative) . The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR with a potential for 4:1. The RSI is oversold on the 4H , showing divergence, and heading up.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
-Split the TP to 3 orders at each TP
-when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free.
-After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
$PGR with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:PGR after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
SHORT ITI play all my picks off of structure and volume profiles.
Structure is lacking and momentum is falling. Best case scenario is sideways
potential upthis stock has at least 2 consecutive quarters > 10% surprise and > 100% YoY, potential up
Seems like its hit or miss the grey shade is crucialSideway shows for a while, but look at all those pivot points on either side. The question is mainly about the doji at the top as a reversal that is not quite ready to expand as market conditions are volatile. It is a good buy, but if it follows history, then we can see this go lower.
Can go back to 215The MA100 is close by, but it looks like it wants to test the high again. Business-wise, doing very well!
PGR The Progressive Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PGR The Progressive Corporation prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $10.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Dont miss PGR!Hey guys,
Classical trend continuation set up here.
Larger degree impulse and correction with lower degree impulse correction breaking out of larger trend line!
PGR | InformativeNYSE:PGR
*I'm bearish on this, because it's overbought and also based on EW, we should expect the rejection. but here are the both scenarios.
If the stock price surpasses the bullish line at approximately $157.05, the immediate upside target could be:
Bullish Target Price 1: Drawing an inference based on the chart's pattern, considering the amplitude of prior upward moves (such as the move from point 2 to 3), a potential target could be around $165-167. However, this is an approximation, and exact figures may vary.
If the stock price falls below the bearish line at $154.82, there are a few potential downside retracement targets based on Fibonacci levels:
(a) 0.382 retracement at $140.31.
(a) 0.5 retracement at $134.79.
(a) 0.618 retracement at $129.27.
These levels are based on the Elliott Wave and Fibonacci retracement which predicts potential retracement levels after a significant move.
PGR The Progressive Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PGR The Progressive Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$PGR with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:PGR after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
$PGR: perfect uptrendIf you switch between the daily, weekly and monthly chart you'll notice they all look the same. They are all strongly uptrending. This stock is amazing for a momentum play.
$PGR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PGR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
PGRThe Trend Lines are above. If SPX does not decline, all the stocks can start a rally which I expect cannot exceed the ATH. I expect 2024 will be the bigger rally and this year, I expect fluctuations.
Not an investment reccomendation.
PGR Descending Right-Angled Broadening Breakout Potential PGR Descending Right-Angled Broadening Breakout Potential
Nice Higher lows forming and starting to base near supply
we are looking for a recovery of the old highs and a base to form confirming buyers want to hold here for further continuation
Two possible entries given
PROGRESSIVESHORT HERE. Triple Top Reversal. Bearish Divergence. At all time highs. Missed earnings terribly.
$PGR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PGR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
PGR bearish hammer on dailyTook this one on Friday, will take 25% at support and then will see what happens around MA 100.
PGR daily bullish hammer good volumePGR daily bullish hammer good volume gotta be quick since countertrend
Buy Stop 120.50 LMT 120.50 GTC
Sell Limit 124.96 GTC
Sell Stop 116.93 GTC
PGR , LONG 50 SMA takeback today , above the last GLB and in a decent area per the broad channel ...
Entry 117
Stop 114.27
PT 1 119.6
PT 2 122.23
