PM FUNNEL BULLISH OUTBRAKE PM retains a client base for decades, and a good funnel right before earnings. The textbook bullish funnel with 3 support points vector and 3 resistance points vector, the conclusion is nearing close to the earning date. Brake might be significant in either direction combined with the statistical probability of positive earning due to the past 15 WWWWWWWWWWWWWWL. Seeking 112 which was a 22' high level is not unreasonable.
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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
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.






















