PM 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.
$PM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 70%.
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$PM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PM after a Negative over reaction following its earnings release placing the stock in drift C
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PM: Upward breakout of the global resistance level.After breaking up the local resistance level around 83.50, the price has been consolidating since May around the global high of 99.47. After breaking through the global maximum, the nearest target is at 114.34. The long term target could be around 145.
$PM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PM after a Negative over reaction following its earnings release placing the stock in drift C
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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.
PM over 91.32Cigarette manufacturers have seen some strength recently alongside dividend stocks. PM does not benefit from the same rumors MO does (entrance into the marijuana market) but still looks primed to break out of this rounding bottom base. Recent highs of 91.32 should provide a strong entry.
$PM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PM after a negative Over reaction following its earnings release placing the stock in Drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Long PM stockBM share is one of the strongest stocks in the market for the current period, as the price is now approaching an important price area that was repeated in 2018 2019 2020 and that appears in the weekly chart, so we can enter the deal at the daily closing, above $ 88.2. This signal is supported by the attached indicators.
PM Long EMA50/200 as support zone
Daily Wedge pattern,
wait for Breakaway Gap up
Entry 81
Stop 78
Target 90
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.