Procter & Gamble may fall to 160.30 - 162.60

174.6 is our pivot point.

Our preference

Under pressure below 174.6.

Alternative scenario

The upside breakout of 174.6 would call for 178.6 and 181.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 173.901 and 171.0582). Finally, Procter & Gamble is trading below its lower daily Bollinger band (standing at 170.15).

Supports and resistances

181 **

178.6 *

174.6 **

172.9

170.12 (USD-last)

165

162.6 **

160.3 *

157.7 **

Number of asterisks represents the strength of support and resistance levels.