Philip Morris International may fall to 110.60 - 112.40

121.4 is our pivot point.

Our preference

The downside prevails as long as 121.4 is resistance.

Alternative scenario

Above 121.4, look for 124.4 and 126.1.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 122.2475 and 120.2772).

Supports and resistances

126.1 **

124.4 *

121.4 **

120.3

119.1 (USD-last)

114.1

112.4 **

110.6 *

108.8 **

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