Black line -support trend line
In previous posts we talked extensively about the technical picture of the PG stock price. Price has reached our target around $124-$125 as expected. The decline reached as low as $122.15. Price has stopped the decline right on top of the trend line support and has not also broken below the horizontal support of $121-$122. As long as PG stock price holds above these recent lows, a new upward move could start. Bounce target is at least at $130 but we can also see a move reach $135. Bulls do not want to see price break below the black upward sloping trend line.
