Philip Morris Worldwide Inc. (PM) is at the moment buying and selling round a key help zone the place patrons may have taken new place. Thus, merchants may see this inventory skyrocket to $200 and past within the coming days.
Philip Morris Worldwide Inc. (PM) is a number one world tobacco and nicotine firm headquartered in Stamford, Connecticut. It manufactures and markets well-known cigarette manufacturers, together with Marlboro, and is actively transitioning towards smoke-free merchandise by way of its “Past Nicotine” technique. PMI’s flagship smoke-free product, IQOS, makes use of heat-not-burn expertise and has gained vital world adoption. Working in over 180 markets, the corporate focuses on decreasing the well being impression of smoking by investing closely in science-based alternate options and next-generation nicotine supply programs.
PM Weekly Chart- twenty ninth October 2025
From the all-time low of $32 in March 2009, PM’s inventory worth has surged over 475%, peaking at $186 in June. Since then, it has accomplished a 3-swing construction. Whereas we anticipate at the very least a 5-swing chart evolution, the third swing seems incomplete. We’ve recognized the primary swing, ending on the June 2017 peak, as wave (I). A pullback adopted, correcting it in wave (II), which ended on the March 2020 low. From there, wave (III) started. Wave (III) may goal $204, 1.618 of (I) from (II), and probably even larger.
In the meantime, waves I and II of (III) began and ended on the February 2022 excessive and September 2022 low, respectively. From September 2022, a powerful wave III of (III) emerged, finishing on the June 2025 peak, the present all-time excessive. The pullback from this peak is evolving as wave IV. The long-term chart signifies a powerful, bullish sequence. We favor shopping for on the extremes of three, 7, or 11-swing pullbacks, which we usually mark with a blue field on our charts.
PM Elliottwave Commerce Setup (Day by day Chart)- twenty ninth October 2025
The day by day chart above captures the ultimate sub-waves of wave III and the sub-waves of wave IV. The chart reveals wave IV accomplished a 7-swing pullback throughout the 144.10-124.79 blue field shopping for zone. From this zone, merchants and traders can anticipate at the very least a 3-swing bounce. This bounce is adequate to permit merchants to maneuver their Lengthy place from the blue field to a risk-free place. Ideally, we anticipate a 5-wave surge for wave V to succeed in $200 or larger. As soon as wave V peaks, wave (III) will end, initiating a pullback for (IV), creating one other shopping for alternative. Given this bullish development, we favor to keep away from promoting; as an alternative, we look ahead to dips and purchase from the blue field. You’ll be able to be part of hundreds of our members to commerce the blue field on 78 devices on not simply the day by day and weekly charts, however the H4 and H1 charts.
Supply: https://elliottwave-forecast.com/stock-market/pm-analysis-buyers-targeting-200/