Philip Morris Wave Analysis – 18 February, 2020
February 18, 2020 @ 18:02 +03:00
- Philip Morris reversed from resistance area
- Likely to fall to 86.00
Philip Morris recently reversed down from the resistance area lying between the long-term resistance 90.00 (former multi-month high from July of 2019) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the earlier extended upward ABC correction ② from the end of August.
Philip Morris is likely to fall further toward the next support level 86.00 (former resistance from August and December).