Proctor and Gamble is traditionally known as a defensive safe haven stock, where people will move their capital into this position in order to protect it from an uncertain market, along with Colgate.
Price action has now broken above a 3 year high and most importantly: retested this breakout level today at $165 and so far has held.
If $PG can continue to hold here, there is a move up to $178 next and $196 after that at the Second Target.