PG stock price is under pressure again, trading at today’s open around $149,50 very close to the key horizontal support of $149. Price has been mostly moving sideways for the last month and a half with no real progress. So far price has tested successfully the support level of $149 for 5 times. Will the 6th time see a break down? Breaking below $149 will be an important bearish signal. First target would be at $142.30 where we find the 38% Fibonacci retracement.
The material has been provided by InstaForex Company – www.instaforex.com
Green line -horizontal support
Violet lines- Fibonacci retracement levels
PG stock price is under pressure again, trading at today’s open around $149,50 very close to the key horizontal support of $149. Price has been mostly moving sideways for the last month and a half with no real progress. So far price has tested successfully the support level of $149 for 5 times. Will the 6th time see a break down? Breaking below $149 will be an important bearish signal. First target would be at $142.30 where we find the 38% Fibonacci retracement.
The material has been provided by InstaForex Company – www.instaforex.com
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