PM STOCK POSSIBLE BOUNCE AT 100 LEVEL-LONG
Updated
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!!!!!
Note
Stock hit both target 50% AND 61.8%. It might now start leg B down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.