130 isn't a decider, it's a finder based in all on significanceWith the right angle poised to coincide with oscillators and indicators pointed in the direction of stabilizing at some point, it could be messy and start an entirely new direction in the public's sentiment. However, it could extend further to newer levels when things are in the cool-down phase.
PHMO34 trade ideas
Philip Morris Hit The Ceiling. PMOur last game take on PM centering on a bullish butterfly gave us profits on that very healthy looking impulse up. Now, it is time to come back to reality for this stock. RSX wise - out of OBOS territory, while crossing the MIDAS line. vWAP/US show gradient of trend and are resistant and in alignment. The technicals below have been divergent for a very long time, an indication that a correction has been long overdue.
PM - LONG - "Abysmal courage buy " Abysmal Courage Strategy - Having the courage to buy a winning stock showing strength on a day when market overall seems abysmal or extremely bleak the pundits are cautious the feeling is dire .
Stock Chosen - PM
This is not a model stock but I bought it more so to be courageous on a red day , I had a rough week and took many losses . By the end of Friday I was mostly out of everything with exception of several stronger names .
I , in the past , would never buy on days like Friday , I would sometimes short and sometimes you just go for a walk after to change my focus ect ect. One thing for sure , buying strength on a day like this is really mentally tough for us and our genes its much easier when your PnL is green and you feel smart.
PM , not only did really well on Friday but it has done really well recently. It is lacking 20% week and exceptional eps/sales , so only 4/6 of my requirements. None the less , it is a strong name on an abysmal day. Since it was such a red day I decided to buy it just for that reason . Its very hard to buy strength on red days like that but I have started to see it as a good habit to increase my muscle memory on. It doesn't have to be regular sized position either I think we can micro size....its the act that matters . I am going to personally keep track of the ACB's on a white board , the idea is to take a gloomy day like Friday and while managing risk and taking losses , still force myself to buy one like PM , or add to one that I already have .
"Courage. 💪The more you DO it, the more you DO it!
The most exciting thing about this SUPERPOWER is that you already possess it. 🦸🦸🏽♀️It's available to you NOW. In the very next moment, we can use this mighty force if we merely muster the COURAGE to claim it.
Remember: Our DIRECTION is what leads to a DESTINATION; and the COURAGE to TAKE ACTION consistently will move us in the DIRECTION of the FEW who do 🆚 the MANY who talk."
Tony Robbins~
Philip Morris is Going to SMOKE Earnings on Feb. 6th ($140+)NYSE:PM - ZYN is clearly going nowhere but up, and that's the evil beauty of nicotine/ addiction. Once ya start, ya don't (typically) stop. Philip Morris announces earnings on February 6th, and I think they BLOW analyst expectations out of the water. 😮💨💸🏆
Technically, NYSE:PM is on the verge of breaking above this line of medium term resistance, and once/ if we do, I think we have a clear shot up to $140. Heck, maybe we even see it prior to their report!💥📈🎯
If NYSE:PM really impresses on the 6th, then I wouldn't be surprised if we rallied +12% from pre-reporting levels, in a similar scenario to what occurred following their last report back in November. 🔮🚀🌙
We've got a fun week ahead of us team! 😎🤙🏼
Zynskies and zynachinos can make me 25%?I find this post to be so informative and personal that its funny LOL.
Just like the MRNA post I made, I have been trying to find a store with Zyns and they are all sold out hahaha. This company will see a huge increase of investments as there trying to replace old products with new ones THEY MAKE.
Philip Morris (PM) AnalysisCompany Overview: Philip Morris International NYSE:PM is aggressively shifting toward a smoke-free future, with a significant portion of its revenue now derived from reduced-risk alternatives to traditional cigarettes, such as Zyn nicotine pouches and Iqos heated tobacco devices. The company's commitment to innovation and smoke-free products is reshaping its business model and driving future growth.
Key Catalysts:
Transition to Smoke-Free Products: Philip Morris now generates 40% of its revenue from alternatives like Zyn and Iqos, underscoring the successful transformation of its product lineup toward reduced-risk products.
Zyn's Strong Performance: Zyn nicotine pouches experienced 50% growth in the U.S. and global markets. PM's focus on expanding into new regions highlights the robust consumer demand for smokeless nicotine products, enhancing its growth outlook.
Hedge Fund Confidence: Renowned hedge fund manager Stan Druckenmiller recently invested in nearly 900,000 shares of PM, indicating strong institutional confidence in the company's future trajectory and ongoing transformation.
Investment Outlook: Bullish Outlook: We are bullish on PM above the $110.00-$111.00 range. Upside Potential: The upside target for Philip Morris is set at $172.00-$174.00, driven by the growing revenue from smoke-free products, continued expansion of Zyn and Iqos, and significant institutional interest.
🚬 Philip Morris—Leading the Way to a Smoke-Free Future. #SmokeFreeFuture #ZynGrowth #InnovationInNicotine 🌱
PM Philip Morris International Options Ahead of EarningsIf you haven`t sold PM before the previous earnings:
Now analyzing the options chain and the chart patterns of PM Philip Morris International prior to the earnings report this week,
I would consider purchasing the 109usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $1.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Philip Morris: New Motivation!Philip Morris has gained new motivation, stretching visibly higher in its chart. Still, the price has more upward distance to cover before reaching our turquoise Target Zone between $119.47 and $123.80. Once the top of the turquoise wave B has been established there, the stock should sell off below the support at $82.95 and, afterward, into our green Target Zone between $77.61 and $62.42. The low of the green wave should then initiate a bullish trend reversal. However, we consider it 35% likely that the green wave alt. has already been finished. In this case, PM would surpass our turquoise Target Zone.
Philip Morris - ExhaustionThe stock lost strength in the formation of the circular top pattern confirmed by the redistribution of multi-time fibo clouds that went from providing support to drawing resistance.
As practiced in our risk management, the first target is the primary goal, which opens up space to move the stop loss and then look for the final target protected by the previous partial achievement.
Risk Return 3
PM followupPM broke through this wedge with high conviction, I was able to enter Jan calls on that initial push with high volume. I am up over 50% on the position but plan on playing this like I did with my OXY Jan calls earlier in the year. I will sell 66% of my position at 105$ stock price. KEy resistance is around 103$ but I think the Zyn growth will catipulte the stock to over 120$ this year.
A US stock Long setup👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in PM for swing trade
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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