Monthly downtrend Channel
Monthly demand is support now
Daily trendline break
Price close above EMA144
Entry 41.5
Stop 40
Target 48
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
A few things show MO is a good long term hold. MO broke the parabolic bear trend and is retesting this area with a monthly bull div.
Mo has used the 200 monthly MA as a great buy opportunity for long bull market moves. Monthly has a kangaroo tail, weekly looks like a Whammie formation, and daily looks to be finding support.
R/R is good for a...
The chart provides an analysis of the Altria Group Inc ( NYSE:MO ) stock price by Fibonacci and Pitchforks tools.
It is expected to decline the price to at least 28 with a subsequent rise to 50 and 64 after small retracement.
The whole movement is 160% .
Go green!
Yes $MO's investment in Juul didn't pan out like expected. Worry not, last week a bunch of states legalized marijuana. The direction is becoming clear where this is headed. $MO partnered with cronos and invested in $cgc. Marlboro is a brand everyone is familiar with. It's only a matter of time before they release their marijuana cigarettes to the masses. This...
3 year long bear market will come to an end for MO if it breaks past 46 with good volumes. Long term trend is still bullish.If March 2020 lows are not tested before breaking 46 then my long conviction will be higher.
On this week's ISM PMI report, the fastest-growing industry for September was "Food, Beverage, and Tobacco." So I looked at the tobacco space over the weekend and noticed that the tobacco company Altria recently made a fairly large price correction and looks to be making a U-shaped bottom, with an imminent bullish cross on the MACD. With the positive technicals...
Two demand zones, one on top of another.
The 1st DZ is not high quality.
The 2nd DZ is high quality. (Rally based Rally) -- It had been touched this morning.
Entry: 38.5
Stop: 37;
Target: 45; reward:risk=4:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading...
Hi I'm grandpa Buffett, I was born at the right time and in the right country and I started investing at the very bottom of the biggest bull market in human history.
The SnP 500 (drools a bit while mentionning it) returned bla bla bla so just buy and every american will become a decamillionaire with no effort.
Who will do all the work to product what we consume? I...
For those who know me, you might have realized by now that I don't usually go long when the RSI and STOCH are below 50 and MACD below Signal. I will make an exception here, however I will approach this trade carefully and allocate less than usual.
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim...
Ascending Triangle broken out after a 6-month modest bull run. Multiple support confirmation on the 5-min chart.
Support manage to hold up quite well even during the recent meltdown.
- Target Entry $43.09
- Target Stop Loss $42.62
- Target Exit $45.02
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop...
It looks like MO broke through the wedge. As we can see, we are in an overarching downwards trend, so I'm going to short this stock. I am going to close this trend either if price reaches the 2-year lower trendline, or if price turns around and hits the edge of the wedge.
Long-term opportunity on Altria, parent company of Philip Morris USA (producer of Marlboro cigarettes). Great dividend stock, sustainable because it is covered by operating cash flow. The price is currently touching the above trendline of this downtrend channel. We'll be looking for a breakout of the rising trend to go short.
Always keep in mind it is a game of...
Hey everyone,
atm i got Altria on the screen with mixed feelings in terms of technical analysis. The green line gives good support while the red box is a huge resistance. The Trend points upwards while the RSI got a divergence. There is also a chance for wave 3 in this current consolidation.
You could buy that stock as a dividend position (7,9%) and buy more f...
