
A waiting game here on PM as like the overall market it appears to be topping out. Lines in the sand on the way back down are 39.28 and 36.26. PM has gotten ahead of itself and a pullback to the 200 day EMA will just revitalize the BULLS as the 20 & 50 Day EMA's continue to rise to the 200 day ema which is currently at 40.75. And as the last post of the Pivots shows the Monthly R2 resides at 40.58 which will also act as support on the way back down.
No comments:
Post a Comment