empty
19.01.2023 05:05 PM
PG approaching our first pull back target

This image is no longer relevant

Green line- support (broken)

Violet lines- Fibonacci retracement levels

PG announced falling revenue and profit on Thursday. Price provided a new bearish signal yesterday by breaking below $149. Price is now approaching the 38% Fibonacci area which is our first pull back target. In our previous analysis we warned again on the bearish signs by the 4 hour chart of PG. Short-term trend has changed to bearish and we expect price to continue making lower lows and lower highs. First support is found at $142.30. Breaking below this level will open the way for a move towards $138 and $135 our next targets. Bears do not want to see price move back above the green horizontal level of $149. What was once support is now resistance. We remain bearish as long as price is below this level.

Alexandros Yfantis,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2025
Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    انضم إلى المسابقة

المقالات الموصى بها

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.
Widget callback