01.09.2016 - We expect a strong price movement of Philip Morris

Price of Philip Morris is consolidated within the triangle, and after fixing quotations beyond it we are forecasting a strong price movement. Thus, a signal to sell with targets at 97.00 and 91.40, will be breaking through the local minimum at 99.00. Long positions with upside to 102.00 and 104.00 should be opened in case of consolidation above 100.50. Our forecast for the near future is positive.

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