THE PROCTER & GAMBLE CO.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 152.10 |
| Take Profit | 154.80 |
| Stop Loss | 151.00 |
| Key Levels | 141.00, 146.00, 149.50, 151.00, 152.10, 154.80, 158.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 149.50 |
| Take Profit | 146.00 |
| Stop Loss | 151.00 |
| Key Levels | 141.00, 146.00, 149.50, 151.00, 152.10, 154.80, 158.00 |
Shares of The Procter & Gamble Co., one of the leaders in the global consumer goods market, are trading in a corrective trend at 151.00.
On the daily chart, the price is moving within the global sideways corridor of 141.00–158.00, approaching its resistance line.
On the four-hour chart, the quotes have been in the specified range since the beginning of March, and reaching the resistance level of 158.00 looks most relevant, which is confirmed by the strengthening of the upward potential after the asset consolidated above the late October high of 151.00.
Technical indicators are holding a buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram is forming corrective bars, increasing in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 152.10 with the target at 154.80. Stop loss – 151.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 149.50 with the target at 146.00. Stop loss – 151.00.
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