Procter & Gamble Trading Analysis (28/05/2025)
The trend is downward. The stock is trading within a range of 365 and 135 EMAs. The upward inner wave structure has been truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when the wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss under the local minimum of the ascending truncated structure.
- Target price levels are 162.50 and 157.80.
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