ITM.Trading
Short

$PM stalling at weekly resistance

NYSE:PM   PHILIP MORRIS INTERNATIONAL INC
28 2 0
Look for short set ups in this area as we have a strong 5 point multi year weekly downtrending resistance line that won't be broken easily.
I expect that price will need to compress more before it is able to bust through this level convincingly
DYOR as always
At least there is a tight stop in case it doesn't work out. It looks like it is compressing for a breakout of the downtrend line. I like tight-stop trades like this one.
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yes that's the idea :D and a descending triangle follow through and break below $75 following that formation is also possible longer term
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