Procter & Gamble may rise to 172.90 - 174.90

162.6 is our pivot point.

Our preference

As long as 162.6 is support look for 172.9.

Alternative scenario

The downside breakout of 162.6 would call for 159.3 and 157.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 166.013 and 163.2092).

Supports and resistances

176.9 **

174.9 *

172.9 **

170.9

166.79 (USD-last)

163.9

162.6 **

159.3 *

157.3 **

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