VaidoVeek

Altria (MO) | Retesting The Breakout Area!

NYSE:MO   Altria Group, Inc
Hi,

Since the end of 2020, Altria has started to show its strength by giving us a higher low. Since then it managed to push above the long-lasting downwards trendline which started from ATH at the beginning of 2017. Made a quite solid breakout with a strong and powerful candle as needed. To be said, if it is a strong trendline then it needs a lot of power to push through it and it got it.

The break smashed a couple of good criteria: managed to push above the downwards trendline, managed to break above the 50EMA, managed to break above mid-number $50, and managed to make a now and strong mid-term higher high! Quite impressive!
After the perfect trendline retest, it created another higher low and pushed into new HH above $50 and above a strong horizontal area.

Ńow, it has started to approach another retest and the price of Altria has reached inside a possible buying area.
Technically it would be a great investment which is supported by 50EMA, strong horizontal area, mid-number $50, minor trendline, and historically a strong horizontal price zone around $50.


Do your own research and if it matches with my TA you are ready to go.

Regards,
Vaido

My Twitter account: https://twitter.com/VaidoVeek
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