PHILIP MORRIS INTERNATIONAL INC

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.

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Philip Morris ($PM) is showing some great short entry signals: M bollinger bandpattern on decreasing RSI. Second, slightly lower peak with decreasing volume. Bearish engulfing candle with almost no lower wick means no buying pressure at the close. Personal Strategy: Given the bearish engulfing pattern, an immediate entry is acceptable. Take some profits ...

Some indications are highlighted in the analysis. The conclusion is to SELL.

took advantage with 17MAR 109C

PM (philip morris) seems to be in a down trend. the current 93 area, seems to be a resistance area. a break above this area will target the 96 area, but my bias here is on the short side. I believe this may be a good r/r point to enter a short trade with a possible target of 88 area.

Long Entry @ 88.31 Stop Loss @ 87.42 Target 1 @ 93.82 Target 2 @ 96.99

idea

If openning over 91, will entry

quod ita sit, Dominus!

idea