The breakout of Procter & Gamble Co. through the 128.03 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Procter & Gamble Co. to test 126.52 within the next 21 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 128.03 numerous times, Procter & Gamble Co. has finally broken through. Can we expect a bearish trend to follow?
