NYSE:MO ALTRIA GROUP INC
This is the second of a four part series I am writing to help you identify potential STRENGTH in your charts, and, hopefully, make you some money. Altria Group , parent company of Phillip Morris, completed a pattern. Unlike SPY , please note two key strengths in this chart. After the C to D impulse leg the price action in MO was lower, as it usually will be after a pattern. After point "D" was established, I did a of impulse leg D to A. MO did indeed sell down to the first key area, usually Fibonacci .618. The second strength in this chart is the in the background. If you look left to the mid-point of the chart, the cloud is the opposite of SPY , it is lower to the left and rising as it moves to the right. The cloud movement higher is . So too is the upside reversal at Fibonacci .618. These are both indications of STRENGTH ahead in MO. The red arrow in the upper right shows the at 1.272 (where I think MO will pause, first price target of $65.03). Part 3 of this series is next, the chart of Altria Group (MO), the parent company of Phillip Morris (PM). I will attempt to show you other indicators for MO (demonstrating strength), and why I am on the .