maschera

MO - 4.86% Potential Profit - Ascending Triangle

Long
NYSE:MO   ALTRIA GROUP INC
Ascending Triangle broken out after a 6-month modest bull run. Multiple support confirmation on the 5-min chart.

Support manage to hold up quite well even during the recent meltdown.

- Target Entry $43.09
- Target Stop Loss $42.62
- Target Exit $45.02

About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Trade closed: stop reached: -1.23% loss

Comments

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