empty
 
 
24.01.2023 05:56 PM
PG reaches our first target

This image is no longer relevant

Violet lines- Fibonacci retracement levels

PG stock price has reached and surpassed our first pull back target which was at the 38% Fibonacci retracement. Short-term trend is bearish as price has started making lower lows and lower highs. The RSI has reached oversold levels so a bounce is justified from current levels. Next support level is at the 50% Fibonacci retracment at $138.40. Resistance is at $143.70. I believe that bears should be cautious and protect their gains by lowering their stops. A bounce towards $146 is justified from current levels.

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback