Procter Gambles stock (PG) fell in the intraday levels on profit-taking, while gathering positive momentum to help it rise anew, amid the dominance of the main upward medium-term trend, while trading alongside the secondary short-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI as the stock managed to vent off overbought saturation there.

Therefore we expect the stock to return higher, targeting the resistance of $170.00, provided the support of $163.00 holds on.

Trend forecast: Likely Bullish