PM 87.73 bullish – 2.5-year triangle breakout points higher PM broke out of 2.5-year triangle resistance (as shown on the weekly chart) to post new year-to-date highs. Bullish momentum suggests further upside towards 90.25 (November 10, 2015 weekly high) and then 91.63 (June 16, 2015 weekly high) near 76.4% of the 96.73/75.27 fall. Above there would open the...
| Risk : 0.94 | Stop : 86.55 >1=ok 0=n/a or no | Pivot L/H : 85.75 | ATR : 0.95 | Stock : PM | Days to Earnings : -48 Fundamentals | Approximately,EPS Due Date : 10/17/2014 IBD | EPS Rating : 66 IBD | SMR Rating : n/a Whale wisdom .com | 13F shares % change: : 1.00% Technicals | Horizontal S&R : 1 1=ok daily .6=ok 60m 0=no n/a=waiting | Channel S&R : 1 | MA...
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...