12.04.2016 - We expect a strong price movement of Procter & Gamble

Share price of Procter & Gamble moves within a triangle, and the amplitude of price oscillations gradually decreases. This fact points to the potential for a strong price movement in the near future. In case of fixation above the level of 84.00, we forecast continued growth until 86,00 and 90,00. On the other hand, the breaking of the lower boundary of the triangle and a local minimum at 82.00 will be the basis for further price decline with targets at 78.50 and 74.00. We recommend waiting for a signal to open new positions and we expect the growth of volatility in the near future.

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