Procter & Gamble may rise to 170.80 - 172.30

Our pivot point is at 163.2.

Our preference

As long as 163.2 is support look for 170.8.

Alternative scenario

Below 163.2, expect 160.7 and 159.2.

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 below its 20 day moving average (165.6325) but above its 50 day moving average (161.8082).

Supports and resistances

173.8 **

172.3 *

170.8 **

169.3

165.33 (USD-last)

164.2

163.2 **

160.7 *

159.2 **

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