Mohacsy's Safe Portfolio Member Forum

[dexprs]

Procter & Gamble technical comments before earnings (TheFlyOnTheWall)
FLY ON THE WALL 1:48 PM ET 4/25/2017
Ahead of earnings news, the stock is pressing up against the $90 area. This level has been resistance that has only briefly been overcome since late 2014. If the news is positive, the shares could breakout significantly above the $90 threshold. Initial resistance would be at $93.89. A projection forward of the long-term bullish price channel would give a target in the $95-$96 range. A stronger positive surprise could push shares to a test of the $95-$100 area. If the news is a negative surprise, this run toward $90 may prove another hard top. Support levels to watch as potential downside objectives would be at $87.41, the $85 area, and then at $82.40. The 52-week low is at $79.10.