Dashboard

Solid News

Procter & Gamble Co., Murray Analysis

8/17/2022 4:02 PM

At the end of last month, the quotes of Procter & Gamble Co. reversed upwards near the level of 137.50 ([6/8]) and have been growing continuously since then.

Currently, the price is trying to leave the framework of the medium-term descending channel, breaking through its upper limit and the entire Murray trading range. With consolidation above the level of 150.00 (Murray [8/8]), the upward dynamics will continue to the levels of 156.25 (Murray [+1/8]), 162.50 (Murray [+2/8]). The key for the "bears" is the level of 143.75 (Murray [5/8]), supported by the middle line of the Bollinger Bands, a breakdown of which will give the prospect of a return of quotes to the levels of 137.50 (Murray [6/8]) and 131.25 (Murray [5/8]).

Technical indicators allow for continued growth: the Bollinger Bands and the Stochastic are reversing upwards, and the MACD histogram is increasing in the positive zone.


Resistance levels: 150.00, 156.25, 162.50. | Support levels: 143.75, 137.50, 131.25.



Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Mail Us
[email protected]
Call Us
+1 415 367 3742


Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com