The Bullish Flag is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Traders are watching Philip Morris International (PM) as price action tightens. The stock is trading at $193.0, up 0.98% on the day. Our AI has detected a valid Bullish Flag pattern. Volume is average (0.67x avg) with moderate trend strength (16.8). A potential breakout level is identified at $199.78, targeting $238.95 with support near $181.66 (R:R 2.16).
What is your outlook on PM?