The cumulative volume of the "Wyckoff/Weis Wave" shows an interesting accumulation of a solid company. After the recent declines, we can see a clear basis for the price rebound. The Wyckoff Wave Volume Indicator shows the distribution of buying and selling wave forces. From the current impression, we can conclude that sellers are losing strength and we see more...
The price of Altria is still struggling to break below the $40.35 support level. We expect the price to dip below this support and reach the magenta Target Zone between $38.52 and $37.39. Only here do we expect the end of wave-(b) and thus the transition into the last sub-wave of the turquoise wave B
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 42.2/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
In the ever-evolving landscape of the tobacco industry, Altria Group Inc (NYSE: NYSE:MO ) stands as a resilient force, weathering challenges and steering towards growth. The recently released 2023 financial results and 2024 guidance provide a comprehensive insight into the company's strategic moves, financial performance, and its commitment to shareholder...
As envisaged by our primary scenario, Altria shares made another attempt last week to finally break through the support level of $40.35 to the downside. It has been moving sideways along this level since Thursday. We expect a downward resolution of this sideways movement soon, as we expect the low of the expanding wave (b) in magenta to be in the same color Target...
High Yield Dividend stock.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my...
With an impulsive jump to the downside, Altria fell back to the support level of $40.35 just yesterday. Our primary scenario now envisages a fall below this level and a run-up to the turquoise Target Zone between $38.52 and $37.39, where we expect the magenta wave (b) to be completed. As we subsequently expect corrective but significant rises in the course of wave...
Hi ,
Well, first of all, it's important to note that I have an open position in this dividend-paying stock because I want to hold it for the long term.
However, we should not ignore the fact that we will start wave C of a possible ABC correction soon. We can also see a bear flag shape. Both have a price target of ~$14 to $15.
Regarding the fundamentals, some...
Poor financial results (earnings) in certain situations can lead to a quick decline followed by a rapid rebound. Altria is a stock that operates in industries heavily affected by US taxation, such as the so-called "sin tax." This implies that people are unlikely to give up their habits during times of uncertainty; on the contrary, they may stick to them even more...
Altria's tale, a shift profound and clear,
Once tobacco's titan, now sales appear,
To wane and dwindle, a changing tide,
As health-conscious choices, people decide.
Cigarettes' allure, a fading ember's glow,
In this evolving world, they struggle to grow,
Yet Altria adapts, seeks paths anew,
In a market transformed, they strive to breakthrough.
Having deposited the low of the magenta wave , the price of the Altria share now faces significant increases. The turquoise wave B should thereby reach the turquoise target zone between $50.67 and $53.47. After placing the top there, we expect substantial descents to below the support at $40.35. If the price falls below this support already now, our alternative...
After a longer downwards stage, Altria is loping upwards with more drive again. The share should keep up this momentum, as we still expect it to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta zone between $50.67 and $53.47. There, Altria should finish wave B in turquoise and turn southwards again, making its way below...
Just a RECAP. I lastly took a trade on ALI BABA and got a sold profit of 12%. Now, stock crawling and finally came across MO(Altria group). It got a beautiful pattern, multiple tops and multiple bottoms.
I started accumulating this stock at the $43.83 - $43.30 levels. And our take profits should be the $47.50 level. I will keep updating if I find anything else...
This is an Investment trade for people who dont have time and want to keep it simple. DO NOT TRADE OPTIONS. You can enter at CMP but with STOPS ON. I want my "Sniper" Entry because being a trader I cannot block my money for 2 months.
**TRADE WITH STOPS ON--Mentioned in the Analysis.
The PEAD projected a bullish outlook for NYSE:MO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
The technical figure Triangle can be found in the daily chart in the US company Altria Group, Inc. (MO). Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. Altria is the parent company of Philip Morris USA, John...
![MO: Bullish Patterns on [MO] stock + 9.59% Dividend Yield (Wyckoff)](https://s3.tradingview.com/c/cOKBnqnB_mid.png "Bullish Patterns on [MO] stock + 9.59% Dividend Yield (Wyckoff)")
![MO: [Positional] Altria Buy Idea](https://s3.tradingview.com/t/THdQhjht_mid.png "[Positional] Altria Buy Idea")
