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Black line -support trend line
In previous posts we talked extensively about the technical picture of the PG stock price. Price has reached our target around $124-$125 as expected. The decline reached as low as $122.15. Price has stopped the decline right on top of the trend line support and has not also broken below the horizontal support of $121-$122. As long as PG stock price holds above these recent lows, a new upward move could start. Bounce target is at least at $130 but we can also see a move reach $135. Bulls do not want to see price break below the black upward sloping trend line.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
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