PG broke out of a declining parallel channel from March 2025 after earnings, though daily RSI at 74.46 (over 70) flags near-term overbought. A daily close above today's high would confirm the breakout; a pullback toward the trendline is then a buying opportunity, with 180 to 190 likely if PG holds above the channel.

specifically PG after earnings that is now in breakout mode while the rest of the markets is trying to figure out what AI company is going to survive some of this bloodbath that are on the charts.

Look at this massive pop on Proctor and Gamble. Now, Lotus, I've also got the RSI up at the bottom of the screen to caution anybody wanting to jump on with FOMO. Right now, we're in an overbought scenario on Proctor and Gamble with the RS daily RSI at 74.46.

Anything over 70 is considered overbought in the near term. All right, so we get back closer look at this chart. I've got dueling parallel channels going on here with Proctor and Gamble.

This one that we just broke out of is from a declining top end of the parallel from March of 2025. Notice before we broke out, we put in some nice consolidation days, nice little bull flag before gapping up with today's earnings.

Now, the key thing here for Proctor and Gamble, we ran right into this pivot high. all of these clusters of days of price action. That's where profit takers stepped up and sold the Proctor and Gamble stock down just ever so slightly off of the highs today.

The key thing for PNG, get above today's high and put in a daily close. Then any sort of pullback down here towards this trend line is a buying opportunity for PNG to go up and attack the next line in the sand, which likely will be either very close to the bottom of this parallel at 18190.

As you see that corresponds right here with this previous pivot high back in March of 25 right around 180. So 180 to 190 is likely the destination for Proctor and Gamble if it can remain above this declining parallel channel.

But most importantly tomorrow we need to see a daily close above today's candle. That will help solidify this breakout. Show that it's got some buyers behind it. Uh great move there on PG today.

A lot of stuff going on. Defensive stocks like PNG lifting up on the chart.