Procter & Gamble may fall to 158.30 - 160.80

173 is our pivot point.

Our preference

The downside prevails as long as 173 is resistance.

Alternative scenario

Above 173, look for 177.1 and 179.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 172.4045 and 171.174).

Supports and resistances

179.7 **

177.1 *

173 **

171.5

169.27 (USD-last)

163.1

160.8 **

158.3 *

155.9 **

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