Philip Morrisif the volumes increase, I add because the weekly has potential, let's see if it forms pennants
4I1 trade ideas
Camdlestick Patterns - weekly chartOn a weekly basis, some Japanese candlestick patterns look quite reliable.
In this example: a 3-inside-down pattern, a hammer, and a shooting star. Even some Bullish Engulfing Candles! Can you see them?
Philip Morris has cancer. PMPivot already confirmed to the downside. Here we go. Don't smoke kids, and stay in school.
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. Confirmation level, where relevant, is a pink dotted, finite line. 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.
See PM moving higher soon.We continue to believe that PM will move higher once this small pullback ends, which could be today. We see the slightly out of the money options expiring in two weeks as particularly attractive right now. Also, please check out this tradingview.com link for forecast information. We think that this pattern will produce a profit within about 5 days
www.tradingview.com
pm 2 scenariospm 2 scenarios .. 1] buy after the break above the resistance 1 and 200ma .. 2] sell after the break under the support 1 and 50ma ..
$PM with a Bullish outlook following its earnings #Stocks 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%.
AnalysisAs 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.
Philip Morris, maybe it’s time to sell and buy lowerPM 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 rise in their consumption.
I don't like more the recently price breakout below rising support as depicted in the figure.
I realized an app with python and tradingview's data to make automatic fundamental analysis and calculate PM's intrinsic value at near $72 (calculated on my forecast of EPS and 3 years investment horizon)
This week is crucial for my decision. I will like to buy again at fair value (maybe incrementing position at my buy value) after this breakout.
PM analysisPM Analysis -
- Pitchfork Median
- Daily Demand / 15 min Supply
- Fibonacci retracement (Algo Zone)
-Elliott wave
- Entry 15 min supply
Target : White Zone
will trend break hold? lets seePM 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
Long scalp $PMBased 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.
Long entry prediction PM 03-05-2022Long entry for PM predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
$PM with a Bullish outlook following its earnings #Stocks 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%.
Philip Morris: earnings play 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.
Trading Journal #002 - PM DailyABOUT:
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
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.
Short entry prediction PM 28-03-2022Short entry for PM predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
$PM with a Bullish outlook following its earnings #Stocks 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%.
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
