empty
05.10.2021 05:59 PM
PG reaches target pull back area

As expected by our previous analysis, PG stock price has pulled back towards our target of $138.90. Price has back tested this horizontal support area and is now bouncing higher. As long as price holds above the recent lows, PG stock price should continue higher.

This image is no longer relevant

Blue lines - bearish divergence

Red line - horizontal support

PG stock price is bouncing higher after testing the horizontal support. So far price respects the support and if this continues to hold, we should see price move higher towards $141.50. This is now our first bounce target area and first resistance.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US stock market on July 11: S&P 500 and NASDAQ hit record highs before retreating

On Wednesday, the US stock market closed higher, with the S&P 500 gaining 0.27%, the Nasdaq 100 rising 0.09%, and the Dow Jones Industrial Average advancing 0.43%. However, during Asian

Jakub Novak 11:42 2025-07-11 UTC+2

Stock market on July 10: SP500 and NASDAQ extend upward momentum

US stock markets ended the previous trading session with gains, continuing their upward trajectory. The S&P 500 rose by 0.61%, the Nasdaq 100 advanced 0.94%, and the Dow Jones Industrial

Jakub Novak 12:42 2025-07-10 UTC+2

Update on US stock market on July 10: bullish trend going on

S&P500 Snapshot of major US stock indices on Wednesday: Dow +0.5%, NASDAQ +0.9%, S&P 500 +0.6%, S&P 500 6,263 in the range of 5,900 to 6,400. The stock market began

Jozef Kovach 11:41 2025-07-10 UTC+2

Update on US stock market on July 9: consolidation stage. Bank stocks decline

S&P500 Snapshot of major US stock indices on Tuesday: Dow -0.4%, NASDAQ -0.1%, S&P 500 -0.1%, S&P 500 at 6,225, within the range of 5,900 to 6,400 A lack

Jozef Kovach 12:55 2025-07-09 UTC+2

Stock market on July 9: S&P 500 and NASDAQ struggle to gain ground

US stock indices closed mixed on Monday, reflecting growing uncertainty in investor sentiment. The S&P 500 dipped slightly by 0.07%, the Nasdaq 100 made a modest gain of 0.03%, while

Jakub Novak 11:22 2025-07-09 UTC+2

Stock market on July 8: S&P 500 and NASDAQ continue their decline

US stock indices closed lower yesterday, extending recent losses. The S&P 500 dropped by 0.79%, while the Nasdaq 100 fell 0.92%. The industrial Dow Jones index retreated by 0.94%. Asian

Jakub Novak 10:48 2025-07-08 UTC+2

US market retreats on Trump tariffs. Correction ahead?

S&P 500 Overview for July 8 US market pulls back on Trump tariffs Major US indices on Monday: Dow -0.9%, NASDAQ -0.9%, S&P 500 -0.8%, S&P 500: 6,230, trading range

Jozef Kovach 09:52 2025-07-08 UTC+2

Stock market on July 7: S&P500 and NASDAQ drop

Last Friday was a public holiday in the US, so trading was not conducted. However, today, at the opening of the Asian session, index futures declined while the US dollar

Jakub Novak 13:41 2025-07-07 UTC+2

Stock market on July 4: S&P 500 and NASDAQ hit fresh all-time highs

US stock indices closed higher yesterday. The S&P 500 rose by 0.83%, while the Nasdaq 100 added 1.02%. The Dow Jones Industrial Average advanced by 0.77%. During today's Asian trading

Jakub Novak 12:59 2025-07-04 UTC+2

Update on US stock market on July 4

S&P500 Snapshot of major US stock indices on Thursday: Dow: +0.8% NASDAQ: +1% S&P 500: +0.8% S&P 500 closes at 6,279, within a trading range of 5,900 to 6,400

Jozef Kovach 12:47 2025-07-04 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.