PM | GuidanceJournal Entry
Bias: Negative.
Sentiment: Pessimistic.
Emoji (emotion): Excited 🙃.
Null Hypothesis: Sell.
Alternative Hypothesis: Buy.
Signals: ...
Position: Short term day trade.
Notes: ...
Barron's Company Overview: www.barrons.com .
Other: ...
Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry.
About the Security: "Philip Morris International, Inc. is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. The firm operates through the following geographical segments: the European Union, Eastern Europe, Middle East & Africa, South & Southeast Asia, East Asia & Australia, Americas, and Other. The company was founded by Philip Morris in 1847 and is headquartered in New York, NY."
Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I do strive to build an esteemed reputation and plentiful following, I also strive to earn the title as a Tradingview pinescript Wizard and Top Author.
About the Author: I'm a financial scientist and my contributions offered to the community are apart of my scientific journal or goodwill to mankind. With that said I think it's prudent to make two things clear; (1) I'm not a Wall Street retailer, I'm not trying to sell you products or services (2) I'm not a Wall Street advertiser, I'm not trying to market the purchase of securities to you.
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
Trade ideas
Philip Morris due for a struggle. PMImmediate targets 93, 90, 85.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
PM - Possible Double TopPossibility to reach the 116 to 125 level, creating double top and that is the 127.20% to 141.40% Fibonacci XA, before drop down.
If failed to break the current resistance, that would be only the 127.20% Fibonacci of AB, then drop down
Watching this creating Harmonic Cypher Pattern.
Boomer stocks are the new GMEHedgies and large money are flowing back into boomer stocks like NYSE:PM for "value" in times of inflation. Take your favorite boomer stock that your parents and grandparents have been talking about since you were a kid then divide that by GME or other stonks. You'll be surprised they've been out performing since Thanksgiving.
PM Possibly Gearing Up For a Bullish Breakout! This analysis is through a 1yr timeframe so keep that in mind when considering your trade timeframe. MACD signaling a bullish cross should lead to strong price appreciation in PM in the short term. If PM is able to pass above the channel resistance line (red trend line) then I expect to see a large break to the upside. If it does not reach and or break above the channel resistance line I expect prices to retreat back to support at 86.01. Seems a bit risky to buy equity here, PM obviously being a tobacco company with a poor public image, but I like the idea of getting long on some 1-2 month expiration calls here if you have some extra cash on hand.
$PM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 70%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$PM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PM after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
PM: Upward breakout of the global resistance level.After breaking up the local resistance level around 83.50, the price has been consolidating since May around the global high of 99.47. After breaking through the global maximum, the nearest target is at 114.34. The long term target could be around 145.






















