PM has decisively broken below the uptrend trendline, signaling a significant shift in the trend. Simultaneously, the downtrend trendline has been consistently respected, suggesting mounting selling pressure.
Therefore, it is anticipated that Phillip Morris will face substantial downside pressure in the coming weeks. As a result, the price is likely to decline...
MultiTimeFrame Stochastic RSI and CMF indicators.
On the main chart: Elder System, EMA 5,20,50,100,200 and Parabolic SAR.
It looks a little saturated but I think it's easy to understand with the pitchfork.
I add some shares on the dashed yellow line.
This is not an investment advice.
Falling Wedge + RSI Divergence + PivotPoint Rejection + Loss of Bearish Momentum
I'll be looking for price action to give rejections of the PivotPoint at 67.95 and the break of the Falling Wedge before entering Long.
