Philipmorris
My Analysis On Philip MorrissMy Analysis On Philip Morris :
there is two scenarios exceed the up blue line and go up or hit the line and back down to the line below .
PHILIP MORRIS prediction till 2023 year by Powerful TradersHello everyone!
Traders, we do not like to write more.
The prediction of the PING AN' price you can find on a chart!
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Powerful Traders, everyday EWA's analysing & working processPHILIP MORRIS detailing complex Correction with ''WXY''.
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Monthly depressing stocks reviewI have been looking at stocks a little bit on the side, once in a while, for a long time.
Now I think I have to really get into it, the way I do things (the RIGHT way is the name I think),
I just look for good opportunities, I don't focus on just a few and try to force money out of the market (lol).
And with currencies, well... This:
Whereas stocks are always trending, their problem is they are quite correlated, but they are not all 100% correlated.
And with a buy only, odds are on our side, they tend to go up all the time, and risk to reward is assymetric (a gain of 50% is a loss of 33% way easier to go up 90% than down 90%, impossible to go down 101%, possible to go up... does not make a difference with 1% moves, but when we get at 10% and more, it makes a difference, you stop loss can have the same RR as usual but be super far, or be at the same distance as usual but you get a RR of 2 rather than the usual 1.5 for example).
Plus biggest possible loss is 100%... That's pretty nice. Go all in? Can't lose more than this.
On a general note, I think FAANG stocks topped and the bubble popped, but the stock market in general could keep going up.
It's expensive, it's dumb to invest now, but it was dumb in 1929 and 1999 too.
Every one that knows anything can see what a bubble this is, but dumb money is just that. They're irrational, they're stupid, and they can push the price 100-150% like in 1929 and 1999, because it all explodes down.
Stocks I am watching that I might trade in the next month or 2 - I filtered some just because it gets too redundant (correlation):
Philip Morris managed to recover, it retraced at the previous swing high (92.74/92.69) and that downtrend line, but it could just be cooling off before breaking.
I have a watchlist of 90 but they're all just going up or moving randomly.
Maybe I should look at penny stocks. Oh this is depressing.
I simply do not want to buy when indices are at all time high and P/E ratios are at 1929 & 1999 levels and all that... So going to miss out and have to wait... Can we get a new crypto bubble? That was really awesome.
I believe people that fail other than being simply not cut out for this / really bad fail, they probably overtrade or just look for opportunities when there aren't any, or the macro situation is not that great... If the stock market as a whole rallies some more well I'll look for buys but nothing long term.
In the meantime, just going to have to find other ways to make money.
That's all I got I just don't know other ways to trade.
Maybe I'll have to spend all my day in front of the screen and scalp I do have strategies for this but don't want to ... :(
I find it kind of funny I find it kind of sad...
Hello darkness my old friend...
Philip Morris: zigzag with bullish undertonePhilip Morris shares are ready for take-off! Support levels remained in place and upside potential is looming: $ 90+ in the short-term!
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.
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.
PHILIP MORRIS NYSE SHORTSome indications are highlighted in the analysis. The conclusion is to SELL.
Decrease of cigarettes' demand reflects on Philip Morris stocks?Main signals:
1-multiple top
2-gap
3-formation of pennant
Sell 99.30-99.10 pennant's bottom line breakout
Stop-loss 100.59 (+1 tic above pennant's high price)
Target #1 95.00 (sizing)
Target #2 90.00 (Elliott's waves+strong supporting level)
PM tight pattern gives calculated entry After V-shape move off the bottom on February, stock formed double top at $91.62 and sold off from there with two gap downs (means strength of sellers). I will us gap pivot point as stop/ Until it stays below $87, I am bearish. Price is below key moving averages. You can manage this trade in different ways I use active trade management. Enter with tier1 in this tight pattern, add tier2 and tier3 if it breaks down and close below $83.83. My road map is move to $79.
