Procter & Gamble may fall to 156.50 - 158.70

Our pivot point is at 169.3.

Our preference

The downside prevails as long as 169.3 is resistance.

Alternative scenario

Above 169.3, look for 172.8 and 175.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 166.242 and 165.9156).

Supports and resistances

175 **

172.8 *

169.3 **

168

165.54 (USD-last)

160.7

158.7 **

156.5 *

154.6 **

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