PM STOCK POSSIBLE BOUNCE AT 100 LEVEL-LONG
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!!!!!
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!!!!!
Comment:
Stock hit both target 50% AND 61.8%. It might now start leg B down.