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PROCTER & GAMBLE Great medium term investment.

BATS:PG   Procter & Gamble Company (The)
PG is having a strong red (1d) candle that crossed again under the 0.618 Fibonacci level.
In the last 10 months, the stock has been trading inside a Rectangle with the price being on the last step (0.786 Fibonacci) before the pattern's bottom.
The price is already a solid medium term buy but depending on the MACD, it may provide an even better opportunity.

Trading Plan:
1. Buy when the MACD (1d) makes a Buy Cross.

Targets:
1. 158.00 (top of the Rectangle).

Tips:
1. Last rebound was made on a single bottom candle (May 31st) without any retest. Today's pull back seems more like January with multiple tests, indicating that the probability of one last low is a little higher.

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