PG at the Edge: Break or Bounce?
🔹 Long-Term Overview
Since 2020, PG has been in a steady long-term uptrend, well supported by the rising blue trendline on the chart.
This trendline has acted as strong support multiple times in recent years — and once again, the price is testing it near the $150 zone.
This area is a make-or-break level for PG. Holding above it could trigger a new rally; breaking below could lead to a deeper correction.
⏳ Short-Term Outlook (1–3 months)
PG is currently trading below its 50-day moving average, showing short-term weakness.
However, it’s sitting right on the major trendline — meaning buyers may step in if this support holds.
Watch for a daily close to confirm direction:
A close above $155 would confirm a rebound toward $165–$170.
A close below $148 would signal a confirmed breakdown.
🎯 Short-Term Targets:
Bullish: $165 → $170
Bearish: $140 → $132
🛑 Stop-Loss:
For longs: below $148
For shorts: above $156
📈 Long-Term Outlook (6–12 months)
Two major scenarios are forming:
Scenario 1 – Trend Holds (Bullish)
If PG defends its long-term trendline, the broader uptrend remains intact.
This setup may evolve into a double-bottom formation, targeting new highs.
🎯 Long-Term Upside Targets:
First: $175
Second: $190
🛑 Stop-Loss: below $145
Scenario 2 – Trendline Break (Bearish)
If the weekly candle closes below $145, the four-year uptrend will be broken.
In that case, PG could retrace toward $130 or even $115–$110 in an extended correction.
🎯 Long-Term Downside Targets:
First: $130
Second: $115
🛑 Stop-Loss: above $155
