logo

FX.co ★ PG stock price stuck inside a trading range.

PG stock price stuck inside a trading range.

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.

See also: Start Forex trading with a deposit starting from 1 USD.
PG stock price stuck inside a trading range.

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account