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HarmonicSwings

See PM moving higher soon.

Long
Philip Morris International Inc (NYSE:PM)  
HarmonicSwings Updated   
NYSE:PM   Philip Morris International Inc
Harmonic Patterns Chart Patterns Wave Analysis
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harmonicpatterns chartpattern waveanalysis
We continue to believe that PM will move higher once this small pullback ends, which could be today. We see the slightly out of the money options expiring in two weeks as particularly attractive right now. Also, please check out this tradingview.com link for forecast information. We think that this pattern will produce a profit within about 5 days

www.tradingview.com/...ls/NYSE-PM/forecast/
Comment:
This pattern did not evolve as expected. A bottom is likely near, however. Prices have retraced to a .618 level and a 9 count has been formed.
Comment:
We saw a momentum shift on Friday to the upside, and we still like this for a long trade.
Comment:
Another momentum signal today (two histograms have triggered), and a good fit for our longer-term Harmonic Swing pattern. We will use 95.56, today's close, as our entry point alert price.
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