Philip Morris International may fall to 112.10 - 113.90

Our pivot point stands at 123.9.

Our preference

The downside prevails as long as 123.9 is resistance.

Alternative scenario

Above 123.9, look for 126.9 and 128.8.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 120.906 and 120.6704).

Supports and resistances

128.8 **

126.9 *

123.9 **

122.8

119.39 (USD-last)

115.7

113.9 **

112.1 *

110.4 **

Number of asterisks represents the strength of support and resistance levels.