Morning Trend | Procter & Gamble adjusts with reduced volume, will a short-term rebound come after dipping into the oversold zone?
Procter & Gamble (PG.US) has recently been in a sideways movement with slight volume adjustments. Yesterday, it repeatedly tested the phase low points during the trading session, with main funds showing strong wait-and-see sentiment. The market's cumulative adjustment has approached the technically oversold zone, and the consensus among many traders is to "buy the dip in defensive sectors"—previously, PG has often provided short-term rebound opportunities after multiple volume reductions. In the market, there was an attempt to panic sell in the morning session yesterday, but it was quickly met with bottom-fishing support, resulting in moderate trading volume throughout the day, with the ratio of active selling to buying being nearly balanced, indicating that short-term floating positions have been largely digested. The intraday line has recently shown a downward trend, but the lows are gradually rising, reflecting the weakness of the bears in their pressure. Meanwhile, some indicators have triggered a daily-level "oversold warning," and funds are paying attention to whether the short-term gaming window can open. The intraday and daily moving average dense area that technical analysts focus on became the core battleground yesterday—the 5-day moving average has not yet been broken, but as long as there is slight movement in funds during the session or an overall warming in defensive sectors, PG could break out of the sideways range with increased volume at any time, following the previous wave of short-term buying frenzy. Community discussions have also heated up, with some funds beginning to position for "lifting and running." There are no new significant negative news, and market risk appetite is gradually recovering, with a weakening dollar and peak interest rate expectations fermenting, which overall provides marginal benefits for consumer defensive categories. It is worth noting that if there is an intraday breakout that exceeds the average trading volume, it could easily ignite a short trading atmosphere, creating a window for short-term rebounds. Conversely, if the intraday volatility narrows and volume remains low, PG may continue to grind at the bottom—short-term funds are still waiting for the next catalyst
Procter & Gamble (PG.US) has recently been in a sideways movement with slight volume adjustments. Yesterday, it repeatedly tested the phase low during the trading session, with main funds showing a strong wait-and-see sentiment. The market's cumulative adjustment has approached the technically oversold zone, and the consensus among many traders is to "buy the dip in defensive sectors"—previously, PG has often provided short-term rebound opportunities after multiple volume reductions.
In the market, there was an attempt to panic sell in the morning session yesterday, but it was quickly met with bottom-fishing buying support. The overall trading volume was moderate, with the ratio of active selling to buying close to balance, indicating that short-term floating positions have basically been digested. The intraday line has recently shown a downward trend, but the lows are gradually rising, reflecting the weakness of the bears in exerting pressure. Meanwhile, some indicators have triggered a daily-level "oversold warning," and funds are paying attention to whether a short-term gaming window can open.
The intraday and daily moving average dense area that technical analysts focus on became the core battleground yesterday—the 5-day moving average has not yet been broken, but as long as there is any abnormal movement in funds during the session, or if the defensive sector as a whole warms up, PG could break out of the sideways range with increased volume at any time, similar to the previous short-term buying surge. Community discussions have also heated up, with some funds beginning to position themselves for a "rally and run."
There are no new significant negative news on the horizon, and market risk appetite is gradually recovering, with a weakening dollar and expectations of peak interest rates fermenting, which overall provides marginal benefits for consumer defensive categories. It is worth noting that if there is an abnormal breakout during the intraday session that exceeds the average trading volume for the day, it could easily ignite a short-term trading atmosphere and create a window for a rebound. Conversely, if the intraday volatility narrows and the volume remains low, PG may continue to grind at the bottom—short-term funds are still waiting for the next catalyst.
In terms of operations, closely monitor intraday fund movements and sudden changes in volume and price. Once the 5-day moving average effectively stabilizes with accompanying volume, it is worth betting on a short-term rebound. However, if it unexpectedly breaks below the phase low without buying support, it is necessary to set stop-loss points to avoid the risk of a choppy market. Currently, PG is in a stage of tug-of-war between bulls and bears, and short-term opportunities may arise at any time, with the key being whether funds dare to ignite the market
