pm 2 scenarios .. 1] buy after the break above the resistance 1 and 200ma .. 2] sell after the break under the support 1 and 50ma ..
The PEAD projected a Bullish outlook for $PM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
As you see on this chart we will have a big probability of a downtrend after the breakout with force the vwap indicator and the support line by a big candle with a large volume. But we can have an uptrend if and only if the vwap and resistance line are forcefully broken by a large green candle and followed by large green volume.Thanks.
PM is my favourite defensive stock but i do not fall in love in investment. I like the dividend but I like more selling at higher prices taking secure at home my currently 38% of unrealized profit since 2020 when I bought shares at $72 I don't like the European Commission proposed recently to ban the sale in the EU of flavoured heated tobacco products after a big...
Nice reclaim of lower vwap band after consolidation phase - Target 114$
PM Analysis - - Pitchfork Median - Daily Demand / 15 min Supply - Fibonacci retracement (Algo Zone) -Elliott wave - Entry 15 min supply Target : White Zone
PM breaking local trend resistance, if the breakout can hold we can target 105.54-109.56-113.58/a break below 97.5 and bears take control again
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $PM exceeds today's high of $100.64 during tomorrow's session.
The PEAD projected a Bullish outlook for $PM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
decent setup here with earnings in sight for a bullish play. Chart looks good and is building a base, with earnings as the fuel for the next leg higher. Even better if played with options, some lotto play.
ABOUT: This is part of my trading journal, please don't copy anything always do your own due-diligence. PM swingtrade --------------------------- Open: 99.55 TP: 125 SL: none
Journal 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...
The PEAD projected a Bullish outlook for $PM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
I expect this to go down near to list prices from here off the bearish divergence and the hardcore rejection of the highs.
Possibility 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.
pm at a strong resistance area, if it fails to break above look for a dip to trend support (90-100 area) If somehow it breaks its strong resistance levels then we can target 140.04-168.05 like and follow for more! 💘
$MO - Altria - 6.96% $PM - Philip Morris - 4.48% $BTI - British American Tobacco - 7.92% ($MO+$PMI)/SPY - U.S Tobacco Stocks vs. SPY - When investors grow wary of markets they find comfort in Tobacco Stocks. With general markets facing increasing headwinds, investors may prefer this consumer staple. Even though, these companies are tobacco companies; their...
Indexes looking to roll over. Value/Defensive stocks have done well for protection last few months, but I don't think that lasts...