The household product giant is expected to report earnings today of $1.56 a share on revenue of $20.4 billion.

The household product giant is expected to report earnings today of $1.56 a share on revenue of $20.4 billion. From a technical aspect, P&G's current share price sits at $127.93. Towards the upside, minor resistance sits at $130.13 (just above 23.6% fib) followed by a major resistance level at $130.89. A break above the major resistance could see the stock head up towards the 38.2% Fibonacci retracement, where the next tough resistance sits at $133.13. Towards the downside, the first support base sits at $125.69 followed by a major support level at $122.17. A break below the major support may see the stock slide towards the Covid pandemic lows. Looking at the technical indicators, MACD is currently positive but RSI is negative as it reads 43.