the support at 85 is holding, forming an ascending triangle, I think it can retrace to at least 91.50 with a hard retest of the monthly descending triangle, before reconfirming the short BO
The PEAD projected a Bullish outlook for $PM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 72.73%.
already short, I await volumes to add another sale
the weekly seems clear to me, both on the descending triangle and on the target range, both December '20 and February '21 prices moved from 85 to 79 without pause
On 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?
Pivot 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,...
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
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%.
As 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.
PM 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...
Based 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.
