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Technical Analysis: PROCTER & GAMBLE COMPANY. (#PG)

The Procter & Gamble Company is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble.

#PG recently experienced a quite noticeable sell off from the pick of almost $ 148. As happened before, the stock kept the $ 134 as a strong area of support.

From a technical perspective, the MACD is sloping up but it is a more a lower RSI that is suggesting us that the stock might be ready for an upside.

Entry price: $ 136.47

1st target: $ 140.21

2nd target: $ $ 144.48

Stop loss: $131.98

OTB Global Investments

London, 14 December 2020

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