07.05.2015 - We predict the price decline Procter & Gamble

The price of Procter & Gamble rebounded from the lower boundary of the descending channel and may continue the correction to the level of 82.00. In case of the continuation of the downward movement, the price will drop to 78.50, and then may continue to fall to 76.00 and 72.00. The signal about changing the trend to positive will be price fixing above resistance level at 84.00. We expect a drop in prices in the near future and in the medium term.

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