Thread by @malteseinvest

Analysis: #NYSE $PG

Case 232 #The_Procter_and_Gamble Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#PG 1/4

Chart 1
Weekly Chart: Price has fallen strongly since registering the new all time high but found #support on the very strong #pivot support dating back to 2014 and SMA 200 (valued at 94.77 on Mar. 23). The upside reaction has been very good with price .....

PG 2/4

..... retaking control of the #SMA 50 at 118.01. The strong #resistance zone 124.57 - 131.46 must be overcome to target 143.67 then the long term objective 156.74 but we see failure on the initial advance higher. Strong support seen at 113.23-102.90.

PG 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$PG 4/4