A Head and shoulders reversal pattern has formed in the Philip Morris stock price daily chart. The neckline was broken two days ago. The RSI is in the neutral zone and is aimed downward, which means that Philip Morris has the potential for further decline. At the same time, а hammer that formed yesterday might push Philip Morris back to the neckline, but after that the security might continue declining to the level of 91.1.
This content is for informational purposes only and is not intended to be investing advice.
