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PHILIP MORRIS INTERNATIONALPP

PHILIP MORRIS INTERNATIONAL

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1PM trade ideas

PM Possibly Gearing Up For a Bullish Breakout! This analysis is through a 1yr timeframe so keep that in mind when considering your trade timeframe. MACD signaling a bullish cross should lead to strong price appreciation in PM in the short term. If PM is able to pass above the channel resistance line (red trend line) then I expect to see a large break to the upside. If it does not reach and or break above the channel resistance line I expect prices to retreat back to support at 86.01. Seems a bit risky to buy equity here, PM obviously being a tobacco company with a poor public image, but I like the idea of getting long on some 1-2 month expiration calls here if you have some extra cash on hand.
NLong
by Gooby_Trades
PM forming a cup?Long term idea here is that PM forming a multi-year cup and with a hopeful view a handle at some point. At the moment it's certainly facing resistance at the same point as it has about 6 times (even more if you go back more than 5 years), so this is a significant price point to get through. So in the very near-term I suspect the most likely scenario is either pullback to the 'cup' trendline... or another bash at resistance with rejection... either way the price is likely going to consolidate before any big move up.
NLong
by Teabo
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