Procter & Gamble may rise to 176.50 - 178.80

Our pivot point stands at 164.

Our preference

The upside prevails as long as 164 is support.

Alternative scenario

The downside breakout of 164 would call for 160.5 and 158.4.

Comment

The RSI is above 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 166.2735 and 166.412).

Supports and resistances

181 **

178.8 *

176.5 **

174.5

166.9 (USD-last)

165.5

164 **

160.5 *

158.4 **

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