THE PROCTER & GAMBLE CO.: TECHNICAL ANALYSIS

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THE PROCTER & GAMBLE CO.: TECHNICAL ANALYSIS
Scenario
TimeframeWeekly
RecommendationSELL STOP
Entry Point155.40
Take Profit151.00
Stop Loss157.00
Key Levels151.00, 154.00, 155.00, 157.00, 157.50, 158.10, 162.60, 163.00
Alternative scenario
RecommendationBUY STOP
Entry Point158.10
Take Profit162.60
Stop Loss157.00
Key Levels151.00, 154.00, 155.00, 157.00, 157.50, 158.10, 162.60, 163.00

Shares of The Procter & Gamble Co., one of the leaders in the consumer goods market, are trading at 157.00.

On the daily chart, the price is approaching the support line of the ascending corridor with dynamic boundaries of 163.00–154.00.

On the four-hour chart, the corrective wave is developing within the sideways channel 157.50–155.00, preparing to overcome its lower border. Afterward, it may reach 154.00 and then 150.00. Otherwise, a return to the resistance line of 163.00 is possible.

Technical indicators maintain a sell signal: fast EMA on the Alligator indicator are far enough from the signal line, and the AO histogram forms corrective bars in the buy zone.

THE PROCTER & GAMBLE CO.: TECHNICAL ANALYSIS

Trading tips

Short positions may be opened after the price declines and consolidates below 155.40, with the target at 151.00. Stop loss – 157.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 158.10, with the target at 162.60. Stop loss – 157.00.


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