Procter ready for a Turnaround?

Procter & Gamble offering consumer golds and maybe an entry chance

Procter & Gamble (P&G) is a global leader in consumer goods, offering trusted brands like Tide, Pampers, Gillette, and Olay. Founded in 1837, P&G drives innovation and sustainability across beauty, health, and home care.

If we look at the chart of Procter & Gamble we can see it had a hard time lately. Price fell about -15% from its ATH which is quite a volatility for a blue chip stock like $PG. The company is struggling like many consumer goods producers from inflated costs and a slowing demand.

Now we are approaching several horizontal support zones that could turn this stock around again. Smaller one is at $150 and a quite significant one at about $140, which would be more than -20% from ATH, a quite nice anticyclic buy chance if you believe in a comeback of P&G.

I am watching this closely and might place a trade if we fall further and $140 holds.