PM has formed a massive multi-year wedge. With ZYN products performing so well and earnings positive I expect this to continue. This traditional stock generally does not move very much and provides a nice dividend. My plan is to average down into Jan 110$ calls towards this golden fib for a hopeful bounce here. This stock should also perform well if we announce a recession next year.
-Short-Term target is 103$
-Yearly target is 124$ or prior all-time-high
-Short-Term target is 103$
-Yearly target is 124$ or prior all-time-high
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.