Procter & Gamble may rise to 179.40 - 183.10

161.5 is our pivot point.

Our preference

Rise towards 179.4.

Alternative scenario

The downside breakout of 161.5 would call for 155 and 151.3.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under its 20 day moving average (167.728) but above its 50 day moving average (166.9122).

Supports and resistances

186.9 **

183.1 *

179.4 **

175.5

167.29 (USD-last)

164

161.5 **

155 *

151.3 **

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