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 toward the crucial 61.8% Fibonacci support level.
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 toward the crucial 61.8% Fibonacci support level.
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📱 Telegram: t.me/Tradensee
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.