PHILIP MORRIS INTERNATIONAL INC NYSE:​PM

PM In this my first tradingview video idea, I would like to offer my analysis of a possible long trade as price has hit the 52 week low and shows a bullish divergence. Let me know if you like my idea or if you like the video and I will continue to due these short takes.

The tobacco group has gotten nailed the last 12 plus months and has seen a test of major support lines and zones. Huge inventories are flipping at these areas as expected. Both sporting 4.25% plus dividend yields and slowly positioning themselves into the Marijuana business. Liking the risk vs reward with tight stops at the lows. MM works slow here and might be ...

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, ...

Philip Morris Long Idea Risk:Reward = 1:3

Double bottom in PM.

#stock #PM

PM

The bullish trend started this year with new ATH should continue with the slope of the 100 ma weekly, which is not so fast but offers good r/r during retests of the moving average and overshootings to the high. I do not mention fundamentals.

PM - PHILLIPS MORRIS IS RIGHT NOW IN A DOWN TREND; HOWEVER, PM STOCKS MIGHT FIND SUPPORT AT LEVEL OF 100, WHICH HAPPEN TO BE THE 61.8% OF THE BC WAVE. THE TARGET IS FIRST THE 50% (107.96) FIBONACCI RETRACEMENT AND SECOND THE 61.8% LEVEL (109.82). IF PM BREAKS THE 100 LEVEL DOWN FOR A GOOD MARGIN, THE LONG CONDITION IS CANCELLED GOOD LUCK!!!!!

PM

Falling wedge

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pm nice DT. end up trend move. going to short. luck

This pattern is found at the peaks of an upward trend and is a clear signal that the preceding upward trend is weakening and that buyers are losing interest.