I feel as though we are approaching a decision point for MO. As this dark pink triangle closes, we will know if it was a bearish continuation pattern.
This would encourage me to believe that a recession is really in, and the bear market rally ending, because smokers are always gonna smoke, and only a really bad recession would change that.
-OR-
If the rebound off of the "Covid" spike in March will prevail and we start the leap up (which was due prior to the spike).
Also... MO has an astounding 8.78% dividend yield.
This would encourage me to believe that a recession is really in, and the bear market rally ending, because smokers are always gonna smoke, and only a really bad recession would change that.
-OR-
If the rebound off of the "Covid" spike in March will prevail and we start the leap up (which was due prior to the spike).
Also... MO has an astounding 8.78% dividend yield.
This could be a sign that points towards stable economic recovery if we follow the green arcs upward.