Trading (PM) With Integrated Risk Controls
December 12, 2024, 11:52 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PM
- Buy PM near 121.75 target 129.31 stop loss @ 121.4 Details
The technical summary data tells us to buy PM near 121.75 with an upside target of 129.31. This data also tells us to set a stop loss @ 121.4 to protect against excessive loss in case the stock begins to move against the trade. 121.75 is the first level of support below 127.825 , and by rule, any test of support is a buy signal. In this case, support 121.75 would be being tested, so a buy signal would exist.
- Short PM slightly under 129.31, target 121.75, stop loss @ 129.68 Details
The technical summary data is suggesting a short of PM as it gets near 129.31 with a downside target of 121.75. We should have a stop loss in place at 129.68though. 129.31 is the first level of resistance above 127.825, and by rule, any test of resistance is a short signal. In this case, if resistance 129.31 is being tested, so a short signal would exist.
Swing Trading Plans for PM
- Buy PM slightly over 129.31, target 130.56, Stop Loss @ 128.94 Details
If 129.31 begins to break higher, the technical summary data tells us to buy PM just slightly over 129.31, with an upside target of 130.56. The data also tells us to set a stop loss @ 128.94 in case the stock turns against the trade. 129.31 is the first level of resistance above 127.825, and by rule, any break above resistance is a buy signal. In this case, 129.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PM slightly near 129.31, target 127.41, Stop Loss @ 129.68. Details
The technical summary data is suggesting a short of PM if it tests 129.31 with a downside target of 127.41. We should have a stop loss in place at 129.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 129.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PM
- Buy PM slightly over 127.9, target 129.31, Stop Loss @ 127.6 Details
If 127.9 begins to break higher, the technical summary data tells us to buy PM just slightly over 127.9, with an upside target of 129.31. The data also tells us to set a stop loss @ 127.6 in case the stock turns against the trade. 127.9 is the first level of resistance above 127.825, and by rule, any break above resistance is a buy signal. In this case, 127.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PM slightly near 127.9, target 127.41, Stop Loss @ 128.2. Details
The technical summary data is suggesting a short of PM if it tests 127.9 with a downside target of 127.41. We should have a stop loss in place at 128.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 127.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Philip Morris International Inc (PM) available here: PM.
PM Ratings for December 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
121.75 |
| P2 |
126.17 |
127.41 |
129.31 |
| P3 |
127.9 |
130.56 |
137.11 |
AI Generated Signals for PM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PM:
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