Procter & Gamble may rise to 174.90 - 176.90

Our pivot point is at 164.2.

Our preference

The upside prevails as long as 164.2 is support.

Alternative scenario

The downside breakout of 164.2 would call for 160.9 and 158.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 166.0345 and 163.9078).

Supports and resistances

178.9 **

176.9 *

174.9 **

172.8

167.67 (USD-last)

165.5

164.2 **

160.9 *

158.9 **

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