Procter & Gamble - Moving Higher

Let’s take a look at PG

From a historical perspective, the structure unfolds clearly under Elliott Wave principles:



The main conclusion is that Wave 4 appears to be complete, leaving room for further upside in Wave 5.

Let’s outline the key targets for the developing impulse.

Key targets:

• 174 - local correction
  
• 188
  
• 197
  

Potential move from current levels: ~13-18%

PG, along with other large-cap names such as WMT, KO and JNJ continues to demonstrate steady and gradual growth.
You can find the outlook on these stocks in other ideas published on the profile.

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