Procter & Gamble may fall to 160.30 - 162.30

Our pivot point stands at 173.1.

Our preference

The downside prevails as long as 173.1 is resistance.

Alternative scenario

Above 173.1, look for 176.6 and 178.7.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 170.9675 and 171.8274).

Supports and resistances

178.7 **

176.6 *

173.1 **

171.5

169.58 (USD-last)

164.5

162.3 **

160.3 *

158.1 **

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