Philip Morris International may rise to 105.80 - 107.00

Our pivot point is at 100.

Our preference

As long as 100 is support look for 105.8.

Alternative scenario

The downside breakout of 100 would call for 98.1 and 96.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 101.687 and 97.6424).

Supports and resistances

108.2 **

107 *

105.8 **

104.7

102.2 (USD-last)

100.7

100 **

98.1 *

96.8 **

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