Philip Morris Int'l $PM has been sliding since almost tagging $124 back in June 2017. After falling to $76.20, I think we are going to see a rebound. However, I wouldn't call a bullish reversal just yet. I think the trend has turned bearish and we will have to anticipate resistance around $87.PM Daily Chart(click to enlarge)Bullish Divergence:- We can see that price made a lower low in June relative to May. But the RSI made a higher low. This is a bullish divergence and suggests the bearish momentum is cooling off, which could be a sign of an impending bullish attempt.- Usually, this bullish divergence should only be part of the clue for assessment.- Looking at the weekly chart, we can see another couple of clues.1) $75 is a critical support. 2) The weekly RSI is in the oversold area (under 30).- These are clues that the market should at least get a bit choppy here just about $75. - We can probably expect a bullish attempt, even if it is within the context of a larger downtrend.- The bullish outlook should be conservative for now, and the $87-$88 area is a previous support pivot that should be monitored as resistance.- We should also monitor the RSI as it approaches 60, at which point we should anticipate selling pressure.- The most aggressive bullish outlook should be limited to the critical pivot around $95-$96. PM Weekly Chart(click to enlarge)