PM - Long Term Trade Idea

Written by MrStockFox. Posted in Trade Ideas

The US dollar has been in a bull market for the better part of 2 years.  Consequently PM has had a hit to earnings for that same time period and has traded within a large declining triangular consolidation pattern.  I have used the dips over the last year to build 80% of my position.  I am hoping that we get one more dip down to support but if not I plan to add to my position on a breakout of this setup..  Long PM.

 
If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.