Philip Morris International may rise to 105.80 - 107.00

Our pivot point stands at 99.4.

Our preference

As long as 99.4 is support look for 105.8.

Alternative scenario

Below 99.4, expect 97.3 and 96.1.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (102.187) but above its 50 day moving average (100.2606).

Supports and resistances

108.4 **

107 *

105.8 **

104.5

101.42 (USD-last)

100.3

99.4 **

97.3 *

96.1 **

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