Procter and Gamble to extend losses from corrective channel?Procter and Gamble Co - 30d expiry - We look to Sell a break of 135.66 (stop at 139.66)
Trading within a Corrective Channel formation.
There is no clear indication that the downward move is coming to an end.
Daily signals are bearish.
135.83 has been pivotal.
A break of the recent low at 135.83 should result in a further move lower.
Our outlook is bearish.
The bias is to break to the downside.
Our profit targets will be 125.66 and 123.66
Resistance: 139.50 / 141.60 / 144.10
Support: 137.00 / 135.83 / 133.00
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