Procter & Gamble may rise to 174.90 - 176.90

Our pivot point stands at 164.3.

Our preference

The upside prevails as long as 164.3 is support.

Alternative scenario

The downside breakout of 164.3 would call for 161 and 159.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 165.995 and 162.445).

Supports and resistances

178.8 **

176.9 *

174.9 **

172.9

167.06 (USD-last)

165.5

164.3 **

161 *

159 **

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