PMI trade ideas
Philip Morris shares: expecting wave C upOn the hourly chart of PM shares, the price, most likely, has finished a corrective B wave within ABC zigzag. Expecting C wave or a new bullish cycle.
Testing The Moving Water on USA Stocks #PM #NYSE Hi Followers and Visitors,
So far, the Moving Water has done a good Job on Crypto, but what about Stock Exchange?
Let's start thinking outside the box and initiate a series of tests on US Stock Exchanges, for now - NYSE
A LONG TRADE - SHORT TERM - to Philip Morris International PM - NYSE
Let's see if it could also work in this world.
Hope the Best for you All.
M.W.
Good Luck and Good Profit
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Disclosure:
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=> DON'T LOSE: Remember This is Very Dangerous Market so try to not Lose All Your Money on This, and You can already call yourself a winner:
Beginners: Don't Trade (Bullish/Bearish) Market - Don't Trade Bull Trap - Don't Borrow Money
Intermediate : Trade Bullish Market Only (Low Risk) - Don't Short - Don't Borrow Money
Advanced: Trade Bullish or Bearish Market ( Low Risk) - Don't Trade Bull Trap - Don't Borrow Money
Experienced: Trade Bullish or Bearish Market ( Medium Risk) - Trade Bull Trap (Low Risk) - Borrow Some Money
Top: Trade Bullish or Bearish Market (High Risk - Big Money) - Trade Bull Trap (High Risk) - Borrow Some Money
Follow This and the Risk of Losing Everything Falls to 90%.
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=> MARKET FLOW: Market never happens at once, there will always be many moves inside the waves if you look close enough.
When I spot a Trend and post it here, it does not mean it will go at once, or at that exact moment I post. These Charts I post are Medium/Long Term - so takes weeks/months to complete.
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=> PLACING ORDERS: At this moment, I am NOT offering buy and sell signals, you need to Do Your Own Research when Placing Your Orders and Stop Loss. You must do your own due diligence.
=> STOP LOSS: That's a responsibility a person should have with their own money, I don't have the influence on that. I strongly advise you to use a stop loss. Try to catch the waves, but with a secure area, and limit your risks, considering a loss you can afford.
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=> PLEASE: Comment, Suggest better ideas, Ask questions inbox, Help me improve,
Give a Like and Follow.
PM LongConsider looking for a long position in PM as it failed to follow through on a new 52 week low attempt.
TRADE ENTRY: PM LONG JUNE 29 AND JULY 13 CALLS OTMout of the money calls, I think PM recovers big over the coming weeks.
TRADE ENTRY: LONG PM: $80 and $85 calls June 29Great high dividen stock on a discount. Ex dividend June 21
Took a 2nd entry here, first was taken yesterday much lower.
$PM - Call me crazyAs surprised as I was by $TSLA, it's worn off a bit. Definitely not as bearish I was - but still skeptical more-or-less. Luckily I've been able to go through chart after chart to find a setup that semi-explained what possibilities there really were with a DUMB wild up-swing in a DUMB wild bear trend. $MRK back in 2015 & coincidentally, even current pattern aligns with $PM & $TSLA. Bearish trend, but a more than bullish re-trace. Downgraded from $113 -> $88, but unfortunately I've seen too many tickers this week (Biotech mostly) that've gotten beaten. $CMD, $FSLR, $NKTR, $BGNE, & $DQ are all of which have lost more than -20% within past two weeks. All of which, have pretty massive institutional ownership ($DQ lowest w/ 34%, $NKTR highest w/ 99%). Seeing as $PM has 74% institutional onwship. we'll see how it goes. Rectangle target price, black WMA resistance.
Philip Morris (PM) Ichimoku C-Clamp Trade 5-17-18PM
In this my first tradingview video idea, I would like to offer my analysis of a possible long trade as price has hit the 52 week low and shows a bullish divergence. Let me know if you like my idea or if you like the video and I will continue to due these short takes.
Are Phillip Morris(PM) and Altria Group (MO) a buy?The tobacco group has gotten nailed the last 12 plus months and has seen a test of major support lines and zones. Huge inventories are flipping at these areas as expected. Both sporting 4.25% plus dividend yields and slowly positioning themselves into the Marijuana business. Liking the risk vs reward with tight stops at the lows. MM works slow here and might be waiting, but the companies continue to raise prices on tobacco products and investing in the future.
Skipped through 88, next in line is 75 and then a comeback (PM)PM fell today after earnings report more than it really should. It passed through level 88 like butter and is trading lower at the time of writing. Next support is around 75.5, however I would look into buying it at 78 if it falls there.
In short earnings report beat PROFIT expectations, expected: 0.90$, was 1$; Revenue was also higher Y/Y by about 13%, however, and here is the reason everyone went bearish - this revenue was shorter for $100m. Bear in mind company expensed $80m in Q1 for a major ad campaign that will run though-out 2018 and had a small setback in Saudi Arabia. In my opinion, not a justified reason to drop by more than 15% in one single day and we should see it climb back up pretty soon.
PM STOCK POSSIBLE BOUNCE AT 100 LEVEL-LONGPM - PHILLIPS MORRIS IS RIGHT NOW IN A DOWN TREND; HOWEVER, PM STOCKS MIGHT FIND SUPPORT AT LEVEL OF 100, WHICH HAPPEN TO BE THE 61.8% OF THE BC WAVE.
THE TARGET IS FIRST THE 50% (107.96) FIBONACCI RETRACEMENT AND SECOND THE 61.8% LEVEL (109.82).
IF PM BREAKS THE 100 LEVEL DOWN FOR A GOOD MARGIN, THE LONG CONDITION IS CANCELLED
GOOD LUCK!!!!!
PM Mid Term view. Long BiasThe bullish trend started this year with new ATH should continue with the slope of the 100 ma weekly, which is not so fast but offers good r/r during retests of the moving average and overshootings to the high. I do not mention fundamentals.
