Procter & Gamble may fall to 147.10 - 150.10

Our pivot point stands at 166.9.

Our preference

The downside prevails as long as 166.9 is resistance.

Alternative scenario

The upside breakout of 166.9 would call for 172.1 and 175.2.

Comment

The RSI is below its neutrality area at 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 166.4405 and 166.2866). Finally, Procter & Gamble is trading below its lower daily Bollinger band (standing at 161.65).

Supports and resistances

175.2 **

172.1 *

166.9 **

165

160.76 (USD-last)

153.2

150.1 **

147.1 *

144.1 **

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