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