Procter & Gamble Co. (NYSE) | EQUITY SERVICE
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The ongoing price development is complex following last year’s severe sell-off from record highs of 93.89. The decline into the Aug.’15 low at 65.02 has unfolded into a typical Elliott Wave zig zag pattern, a three price-swing sequence. This opens a Pandora’s Box of possibilities for the medium-term outlook. Despite this however, there are nearby pattern commonalities that feature for two ongoing scenarios – both wave counts project an important end to last year’s upswing from 65.02 towards targets at 86.09-88.44+/-. Upon completion, major declines are forecast throughout the remainder of 2016 and perhaps into 2017.
Procter & Gamble provides consumer packaged goods. The company's products are sold primarily through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, beauty stores, other stores and pharmacies. The company has five reportable segments: Beauty, which includes hair care, and skin and personal care products; Grooming, which includes shave care products; Health Care, which includes oral care and personal health care products; Fabric and Home Care, which includes fabric care and home care products; and Baby, Feminine and Family Care, which includes baby care, feminine care and family care products.
WaveTrack International provides bespoke intelligence for Asset Management Corporations, Pension Funds, Total/Absolute-Return/ Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions. The ‘deterministic’ qualities of the methodology used often translates into results that are dynamic and – outside consensus estimates. This is suitable for individuals who seek unbiased market research which is ‘technical, quantitative and strategic’ for their investment decision making. WaveTrack’s analysis and research is especially relevant for medium/long-term investment strategies.
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