PM analysisPM Analysis -
- Pitchfork Median
- Daily Demand / 15 min Supply
- Fibonacci retracement (Algo Zone)
-Elliott wave
- Entry 15 min supply
Target : White Zone
PM trade ideas
will trend break hold? lets seePM breaking local trend resistance, if the breakout can hold we can target 105.54-109.56-113.58/a break below 97.5 and bears take control again
Long scalp $PMBased on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $PM exceeds today's high of $100.64 during tomorrow's session.
$PM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
Philip Morris: earnings play decent setup here with earnings in sight for a bullish play. Chart looks good and is building a base, with earnings as the fuel for the next leg higher. Even better if played with options, some lotto play.
Trading Journal #002 - PM DailyABOUT:
This is part of my trading journal, please don't copy anything always do your own due-diligence.
PM swingtrade
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Open: 99.55
TP: 125
SL: none
PM | GuidanceJournal Entry
Bias: Negative.
Sentiment: Pessimistic.
Emoji (emotion): Excited 🙃.
Null Hypothesis: Sell.
Alternative Hypothesis: Buy.
Signals: ...
Position: Short term day trade.
Notes: ...
Barron's Company Overview: www.barrons.com .
Other: ...
Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry.
About the Security: "Philip Morris International, Inc. is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. The firm operates through the following geographical segments: the European Union, Eastern Europe, Middle East & Africa, South & Southeast Asia, East Asia & Australia, Americas, and Other. The company was founded by Philip Morris in 1847 and is headquartered in New York, NY."
Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I do strive to build an esteemed reputation and plentiful following, I also strive to earn the title as a Tradingview pinescript Wizard and Top Author.
About the Author: I'm a financial scientist and my contributions offered to the community are apart of my scientific journal or goodwill to mankind. With that said I think it's prudent to make two things clear; (1) I'm not a Wall Street retailer, I'm not trying to sell you products or services (2) I'm not a Wall Street advertiser, I'm not trying to market the purchase of securities to you.
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
$PM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
Philip Morris due for a struggle. PMImmediate targets 93, 90, 85.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Bearish Shark Visible on Monthly on Philip MorrisI expect this to go down near to list prices from here off the bearish divergence and the hardcore rejection of the highs.
PM - Possible Double TopPossibility to reach the 116 to 125 level, creating double top and that is the 127.20% to 141.40% Fibonacci XA, before drop down.
If failed to break the current resistance, that would be only the 127.20% Fibonacci of AB, then drop down
Watching this creating Harmonic Cypher Pattern.
I am neutral at the moment on this one ⍼pm at a strong resistance area, if it fails to break above look for a dip to trend support (90-100 area)
If somehow it breaks its strong resistance levels then we can target 140.04-168.05
like and follow for more! 💘
defensive but wont last Indexes looking to roll over. Value/Defensive stocks have done well for protection last few months, but I don't think that lasts...
PM bull flag continuationBeen hovering at entry for a few days now but trade is still valid. Just tightened stop due to lack of follow through but market looks good for now.
Boomer stocks are the new GMEHedgies and large money are flowing back into boomer stocks like NYSE:PM for "value" in times of inflation. Take your favorite boomer stock that your parents and grandparents have been talking about since you were a kid then divide that by GME or other stonks. You'll be surprised they've been out performing since Thanksgiving.
PM LongDemand Zone below support line
Entry 87.7
Stop 85
Target 98
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
pm buypm buy .. we have an uptrend channel .. buy at 97.07 under the resistance level and under the 200 ma
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 buypm buy .. we have a weekly uptrend channel .. buy at 96.05 .. first target 105.53 .. finally target 112.00 ..stoploss under the support level and 200 ma
PM - Has a date with its 200maPM should target its 200ma, and look for support there. Might hold or might not. Will probably cover half to be safe.
$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 Head and shouldersThere is a clear head and shoulders forming on the $PM Daily/Weekly Chart here, looks like a decent short.
