PM – ZYN is clearly going nowhere but up, and that’s the evil beauty of nicotine/ addiction. Once ya start, ya don’t (typically) stop. Philip Morris announces earnings on February 6th, and I think they BLOW analyst expectations out of the water.
Technically, PM is on the verge of breaking above this line of medium term resistance, and once/ if we do, I think we have a clear shot up to $140. Heck, maybe we even see it prior to their report!
If PM really impresses on the 6th, then I wouldn’t be surprised if we rallied +12% from pre-reporting levels, in a similar scenario to what occurred following their last report back in November.
We’ve got a fun week ahead of us team! 🤙