Procter & Gamble may fall to 155.00 - 157.10

Our pivot point is at 168.4.

Our preference

The downside prevails as long as 168.4 is resistance.

Alternative scenario

The upside breakout of 168.4 would call for 172.1 and 174.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 166.534 and 165.5872).

Supports and resistances

174.2 **

172.1 *

168.4 **

167.1

165.21 (USD-last)

159.2

157.1 **

155 *

152.9 **

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