Philip Morris International may rise to 107.50 - 108.70

Our pivot point stands at 101.1.

Our preference

The upside prevails as long as 101.1 is support.

Alternative scenario

The downside breakout of 101.1 would call for 99 and 97.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 101.1725 and 96.7166).

Supports and resistances

109.9 **

108.7 *

107.5 **

106.3

103.68 (USD-last)

101.8

101.1 **

99 *

97.9 **

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