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The Procter & Gamble Co., Technical Analysis
3/7/2023 10:22 AMThe shares of The Procter & Gamble Co., one of the leaders in the global consumer goods market, are trading at 140.00.
On the daily chart, the price is holding within the global corrective trend, forming a wide sideways channel 120.00–155.00, and is currently moving toward the support line.
On the four-hour chart, it can be seen that the current decline has a high potential for continuation since the currently forming local ascending channel 137.00–142.00 will likely work as a Flag trend continuation pattern with the end point of implementation around 130.00.
Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO histogram forms corrective bars in the sell zone.
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