THE PROCTER & GAMBLE CO.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 146.70 |
| Take Profit | 143.00 |
| Stop Loss | 148.00 |
| Key Levels | 143.00, 147.00, 147.80, 149.10, 151.50, 152.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 148.50 |
| Take Profit | 151.50 |
| Stop Loss | 147.00 |
| Key Levels | 143.00, 147.00, 147.80, 149.10, 151.50, 152.00 |
Shares of The Procter & Gamble Co., one of the leaders in the global consumer goods market, are trading in a corrective trend at 147.00.
On the daily chart, the price is held within the Triangle pattern with gradually narrowing boundaries of 143.00–152.00, approaching its support line.
On the four-hour chart, a local price gap of 149.10–147.80 strengthens the downward signal with the target at the key support level and the low of December 15 (143.00). There are no signs that the quotes are in the last third of the formation, and the movement within it is expected.
Technical indicators reverse towards selling: fast EMAs on the Alligator indicator are approaching the signal line, narrowing the range of fluctuations, and the AO histogram is forming downward bars, decreasing in the buy zone.
Trading tips
Short positions may be opened after the price declines and consolidates below 146.70 with the target at 143.00. Stop loss – 148.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 148.50 with the target at 151.50. Stop loss – 147.00.
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