Procter & Gamble trapped in a hesitant place - Analysis - 09-11-2022

Procter & Gamble's stock (PG) rose in the intraday levels amid positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels, while still trading alongside the main downward short-term trend line. 

Therefore we expect the stock to return lower, targeting the pivotal support of 130.90, provided the resistance of 139.18 holds on.

Expected trend for today: Bearish