Philip Morris Worldwide Inc. (PM) might have ended the over 4 months bearish cycle from June 2025. The present rebound occurred on the blue field the place the October 29 weblog submit alerted merchants to go lengthy. After reaching the primary goal, why do I believe it might attain $215 within the coming days or perhaps weeks.
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 know-how and has gained important world adoption. Working in over 180 markets, the corporate focuses on lowering the well being affect of smoking by investing closely in science-based alternate options and next-generation nicotine supply methods.
PM Lengthy-Time period Overview
Within the twenty ninth October replace, we defined the long run view with the weekly Elliott wave chart. 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 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) might goal $204, 1.618 of (I) from (II), and doubtlessly 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 robust wave III of (III) emerged, finishing on the June 2025 peak, the present all-time excessive. The pullback from this peak developed as wave IV. With the rebound since October 2025, it seems wave IV has completed and worth now in wave IV. Thus, the long-term chart nonetheless signifies a robust, 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 Replace
On twenty ninth October, we shared the chart above. The chart reveals the blue field zone the place we anticipated wave IV to complete. worth reached the blue field and made a swift bounce. From the blue field, we anticipated at the least a 3-swing bounce. Nonetheless, usually, a 5-wave rally is extra possible, to emerge for wave V with goal zone at $197-215. Thus, if we have been to purchase on the blue field, merchants might purpose for this goal zone to e book revenue. Nonetheless, we like taking partial revenue at 50% of the final leg i.e. wave ((Y)) of IV whereas regulate remainder of the commerce to breakeven. This, approach we might run a risk-free commerce whereas reserving some revenue.
PM Elliottwave Commerce Setup (Day by day Chart)- twenty ninth December 2025 Replace
Worth did a retest of the blue field after which burst upside as the most recent Day by day chart above reveals. Worth seems to have reached the primary goal at $163.5 and really more likely to extends additional. Present wave depend reveals wave (3) of ((1)) of V rising or worth is in wave (1) of ((3)). Both approach, this present bullish leg has the potential to succeed in $180-$200. Total, the bullish cycle from October low ought to attain $215 the place merchants might e book last revenue on this commerce.
Supply: https://elliottwave-forecast.com/stock-market/pm-price-analysis-risk-free-target/