Philip Morris International may fall to 94.10 - 95.30

Our pivot point stands at 102.1.

Our preference

Target 95.3.

Alternative scenario

The upside breakout of 102.1 would call for 104.2 and 105.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (101.8715) but above its 50 day moving average (98.5188).

Supports and resistances

105.4 **

104.2 *

102.1 **

101.3

99.92 (USD-last)

96.5

95.3 **

94.1 *

92.9 **

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