MO breaking back into a tight trading range with resistance at ~56.75. Next test will to break to stronger resistance at ~58. Long here and now.
This post is little late to the party but Target price is $47.50 where we find nice support structure. I'm looking for a long entry position at $47.50
Altria MO is currently well oversold and is over-extended below it's short term and longer term MAs. A return to the mean allows for a 5-15% opportunity based on price structure.
- Good quality stock. - May test 61 support and form double bottom and bounce off from there. Or it may break down and retreat to 51-56 level before picking up. - Plan: enter at 61-62 with stop loss just below 60. If that doesn't work, enter again at 54 level. "MO": { "max": 77.71, "close ": 65.43, "close /max": 0.84197658, ...
we have a monthly head and shoulders on mo, so i think it will continue down, my target will remain the 51 area. #futuresalerts
www.tradingview.com /BeHuSv7x/ The tobacco group has gotten nailed the last 12 plus months and has seen a test of major support lines and zones. Huge inventories are flipping at these areas as expected. Both sporting 4.25% plus dividend yields and slowly positioning themselves into the Marijuana business. Liking the risk vs reward with tight stops at the...
Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress the reader with my...
It is a good trading setup and I am going long for this stock. T1- 38.2 T2 - 61.8
Here is the same action as my previous analysis. Price bounced breaking the resistance level which was a support zone and now coming back to test it. This zone is more important becouse, there is a fibonacci levels and also the inside trendline moreover strong support zone. On the other hand, we have two alternatives 1- we can open long trade after testing these...
Today on the 5 min chart (post in the comments section below) how one could have EASILY played today's bullish retest gap on the 5 min chart. ;-)
$MO at Gann's support and turning date today