predator75
Short

PHILIP MORRIS NYSE SHORT

NYSE:PM   PHILIP MORRIS INTERNATIONAL INC
Some indications are highlighted in the analysis. The conclusion is to SELL.
Trade active: Price fell exactly at the first target. However i'm maintaining position since its my trading style.

Expect a upwards correction now, to form maybe a double top before the fall.
Trade active: The upwards correction ocurred, a possible double top is forming.
How did you come up with this channel, particularly with resistance line?
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predator75 savdogar
@savdogar, Not all the high/lows should be considered as a points to drawing lines.

The key is to identify the important ones: https://www.google.es/search?q=philip+morris+international+july+news&client=firefox-b-ab&biw=1024&bih=672&source=lnt&tbs=cdr%3A1%2Ccd_min%3A7%2F1%2F2016%2Ccd_max%3A7%2F31%2F2016&tbm=#tbs=cdr:1,cd_min:7/1/2016,cd_max:7/31/2016&q=philip+morris+international&*
Reply
savdogar predator75
@predator75, Thanks for replying. It's close to resistance now, wondering what's going to happen.
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