Main Quotes Calendar Forum
flag

FX.co ★ PG reaches target pull back area

parent
Forex Analysis:::2021-10-05T15:59:05

PG reaches target pull back area

As expected by our previous analysis, PG stock price has pulled back towards our target of $138.90. Price has back tested this horizontal support area and is now bouncing higher. As long as price holds above the recent lows, PG stock price should continue higher.

PG reaches target pull back area

Blue lines - bearish divergence

Red line - horizontal support

PG stock price is bouncing higher after testing the horizontal support. So far price respects the support and if this continues to hold, we should see price move higher towards $141.50. This is now our first bounce target area and first resistance.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...