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demyanchuk
Aug 31, 2016 9:08 AM

Decrease of cigarettes' demand reflects on Philip Morris stocks? Short

Philip Morris International IncNYSE

Description

Main signals:
1-multiple top
2-gap
3-formation of pennant

Sell 99.30-99.10 pennant's bottom line breakout
Stop-loss 100.59 (+1 tic above pennant's high price)
Target #1 95.00 (sizing)
Target #2 90.00 (Elliott's waves+strong supporting level)
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