Partial long entries today.. 43.80 range holding, for now, looking to see if we can get a curl up 30c or so before today's close. Watching for that small descending triangle intraday, We'll be looking for support levels below hold next week. Some decent support was broken, but it's been reclaimed in the past with fakeouts, so am not concerned.
Looking at a...
Market sentiment $55.00.
I am waiting for drop till $41.00 abd then buy.
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I am Playing the dividend yeild Theory. Looking for a 7% dividend Yeild
The Proyections made here ar only for record keeping of my trades. The do not inted any Sugestions.
when it was pure play cigs, I liked it. now dilutive juul and pot purchases, higher debt service. lower highs, trend break, shrinking sales. if they cant hold market share and pricing power, there aint much left to this story
There is a support level around 54$ which was already tested beginning of April.
Stop should be arround 52$.
Next support is somewhere near 50$ which make the sell of a PUT very attractive.
From indicator perspective only my RVGI is bullish by crossing the 0 line.
This is not financial advice.
I expect MO to Fibonacci retrace to the golden pocket area (.618 - .65) and bounce off where we had previous resistance (a weekly and monthly level of significance).
Placing buy laddered buy orders from 48.91 to 47.82 is my idea. There is a chance price dips below the .65 into the liquidation zones a bit below. Set your stop loss...
A lot happening with this name.
Short case:
- Doji confirmation following the hanging man 6 days prior.
- Steep wedge pattern
- Extremely low VIX momentum
- RSI over-extended
- Negative divergences on lower time-frames
- Currently sitting at potential profit taking resistance of Inv. H&S
Long Case:
- Wedge is still intact
- Above 20, 50 and 200 MA on daily
-...
Trading stock is not easy and n this case you will have to try to catch the 61.8% retrace break. A daily close next week above 57.10 will open the upside test of 62 level. Look for this daily break to enter the trade.
