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14.07.202109:52 Forex Analysis & Reviews: PG stock price stuck inside a trading range.

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For the last three and a half months, the stock price of PG is trapped inside a trading range between $139 and $130. Price is currently very close to the upper range boundary resistance and a rejection here could push price lower towards $130 again.

Exchange Rates 14.07.2021 analysis

Green lines- trading range

A break above $139-$140 would be a bullish signal. Such a breakout would lead price towards $147 first and then maybe towards $155. On the other hand a rejection at current levels will be a sign of weakness and a pull back towards the lower range boundary would be justified. At current levels traders need to be very cautious and not get overconfident. Price is still below key resistance and as long as this is the case, we remain cautious.

Alexandros Yfantis
Analytical expert of InstaForex
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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