This stock has a potential for a rubber band snapback to the 20MA with a potential for even more downside. Although this is a counter trend, it is getting ready to test the top Bollinger band and has extremely overbought stochastics. Looking forward to watching this one the next week or so.
MO has been in a downtrend recently from it's high. Looks like it found support at a previous resistance and is trying to push higher. Very soon I believe it will break it's downtrend and go up to start a bull run to enter. I currently already have shares of this stock and plan on adding more soon.
MO formed a bull flag in the last quarter of 2016 and has broken out to higher highs. The RSI has not followed and confirmed the price strength. The target for the bull flag is $74 price level.
Watch for confirmation of price action and RSI Divergence. We will then look to buy puts.
