Procter and Gamble Co Stock Code PG.NYS
Outlook
After reaching a high of $165.35, price went into a correction. The price correction was supported by the cloud and remains above the cloud, keeping the uptrend intact. The cloud is thick which is a hint that the price support is likely to be strong. This strong price support is likely to keep price above the cloud and the uptrend intact. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains bullish and is turning up again, hinting at a possible bullish price trend ahead. We think price could be heading towards the previous high at $165.35 again in the next 1-2 week.
Strategy
$159.30 Buy
$165.30 Price Target
$155.90 Risk Management Stop
2 weeks Trade Duration
