Procter & Gamble may rise to 181.70 - 185.70

Our pivot point is at 162.8.

Our preference

The upside prevails as long as 162.8 is support.

Alternative scenario

The downside breakout of 162.8 would call for 156.6 and 152.7.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 166.9755 and 166.3458).

Supports and resistances

189.4 **

185.7 *

181.7 **

178

168.09 (USD-last)

165.3

162.8 **

156.6 *

152.7 **

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