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The Procter & Gamble Co. Technical Analysis
3/27/2023 10:03 AMThe shares of The Procter & Gamble Co., one of the leaders in the global consumer goods market, are trading at 146.00.
On the daily chart, the price is holding within the correction trend, having left the boundaries of the local sideways range of 136.00–143.00, and is trying to consolidate within the ascending channel.
On the four-hour chart, the upward movement of quotes up to 180.00 may continue after the final formation of the second Shoulder of the Head and shoulders pattern with the Neckline around 154.00 on the global chart.
Technical indicators keep a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram forms corrective bars in the buying zone.
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