Forecast for the Procter & Gamble drop

On January 20, at the trading, the price of the Procter & Gamble stocks again touched the resistance of 164.15 and then decreased forming the Shooting star, the pattern which is a mirror image of the Hammer pattern.

Perhaps, the stock price is not ready to update the historical maximum yet and it continues to fall to the nearest support of 156.50.

The forecast for the decline of the company profit by April 2022 also serve as the support of possible price decline.