PROCTER & GAMBLE The 1D MACD gives the buy signal.

Last time we looked into Procter & Gamble (PG) was December 2022 (see chart below) and called for a massive sell-off to $140:


As you can see that took place almost perfectly, with the price dropping even lower from $155 to $136. We hope you took advantage of this analysis and if you didn't short, at least got a comfortable buy entry as the price rebounded and reached $158.

The price is currently on a 2-month selling sequence after the August 10 rejection on Resistance 1 (158.45) and is approaching the bottom of the Channel Up. The horizontal Support (1) is at 142.00 and the 1W MA200 (red trend-line) marginally above 140.00 and rising. Technically Support 1 is the true Support level but under this pressure we can't rule out a 1W MA200 test to gather long-term buyers.

In any case, since almost 18 months, the buy signal with the lowest risk has been given when the 1D MACD forms a Bullish Cross. That is the buy entry confirmation for investors. Until then, the price can keep declining surrounded by negative fundamental market conditions. Take advantage of the MACD to get the most optimal position and target 158.45 (Resistance 1).

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇