Philip Morris International may rise to 125.80 - 127.40

Our pivot point is at 117.7.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 117.7 would call for 115 and 113.5.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (120.1915) but below its 50 day moving average (121.0394).

Supports and resistances

129.1 **

127.4 *

125.8 **

124.3

120.89 (USD-last)

118.7

117.7 **

115 *

113.5 **

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