Philip Morris (PM), monthly chart: 8 years long(!) support zone + Bullish candle patterns + Juicy "discount" (fall from highs): 42%
philip morris chart go up for now its for buying now NYSE:PM
My Analysis On Philip Morris : there is two scenarios exceed the up blue line and go up or hit the line and back down to the line below .
Hello everyone! Traders, we do not like to write more. The prediction of the PING AN' price you can find on a chart! Regards, Team Traders "Powerful Traders"
PHILIP MORRIS detailing complex Correction with ''WXY''. Regards, Team Traders "PowerfulTraders" flat
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I have been looking at stocks a little bit on the side, once in a while, for a long time. Now I think I have to really get into it, the way I do things (the RIGHT way is the name I think), I just look for good opportunities, I don't focus on just a few and try to force money out of the market (lol). And with currencies, well... This: Whereas stocks are...
Philip Morris shares are ready for take-off! Support levels remained in place and upside potential is looming: $ 90+ in the short-term!
On the hourly chart of PM shares, the price, most likely, has finished a corrective B wave within ABC zigzag. Expecting C wave or a new bullish cycle.
PM fell today after earnings report more than it really should. It passed through level 88 like butter and is trading lower at the time of writing. Next support is around 75.5, however I would look into buying it at 78 if it falls there. In short earnings report beat PROFIT expectations, expected: 0.90$, was 1$; Revenue was also higher Y/Y by about 13%, however,...
Some indications are highlighted in the analysis. The conclusion is to SELL.
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)
After V-shape move off the bottom on February, stock formed double top at $91.62 and sold off from there with two gap downs (means strength of sellers). I will us gap pivot point as stop/ Until it stays below $87, I am bearish. Price is below key moving averages. You can manage this trade in different ways I use active trade management. Enter with tier1 in this...