It's hard for me to jump into Altria (MO) seeing how poorly the stock has performed the past 4 years. Still, it looks like a base could be forming and MO could break this recent trend making it's near 8% yield a nice addition to the portfolio. On the watchlist.
Hey people, ALTRIA GROUP is in a bullish surge with large volume of purchase on the TIMEFRAME above we see that there are volume sales. Despite a rejection from the sellers, we see on the candle which asks for more to go up we are on a strong oblique, that it wants to leave great possibility of breakout the zone of consolidation to seek the precedent high.
ALTRIA...
Assuming the bullish thesis laid out in my previously published posts (linked below), this is my current long-term count for Altria.
With wave I of cycle degree being the longest, wave V must be shorter than wave III. This only limits MO to ~$103.44 for a move measured in price. On a percentage basis there's plenty of room to run as long as it's less than 1603%!...
Consumer Defensive
Tobacco
34.2 million smokers in America - 13.7%
Market Cap 77.95B
Income -879M
**Dividend 8.08%**
Forward P/E 9.29 (Value)
EPS this Y -117%
Sales Q/Q -3.8%
Short Float 0.62%
ROI -5%
Gross Margin 49.8%
Profit Margin -3.60%
Would you buy purely on the technicals not knowing what stock this is? It's tempting!
Looking at a long-term monthly chart over a 30+ year time frame you can see each time RSI reached the 32.6 level this stock has bottomed. The large time frame over which this has been observed strengthens my confidence that this could be yet another bottoming for this...
MO has been in a downtrend for a while now. Currently, there is an ascending triangle pattern occurring, with Class B bearish divergence on both oscillators. If the trend is your friend, and the technical analysis on the oscillators are respected, then there's an indication of a potential shorting opportunity. The measured move of this pattern for a short almost...
early rotation out of nasdaq will punished, this week i expect a fall from both diagonal and horizontal resistance levels as bulls capitulate back into growth
Hey Guys
This one could also be a thing. ATM the Stock is on its way to the 5th wave and quite at the bottom of the trend channel.
Entry: just now
Stopp Loss: 40,40$
Take Profit: 43,10$
Much fun with that trade.
Leave a Comment!
Hey everyone,
just got this little longtrade idea for you. The elloit waves point out the transition point for wave 5 which starts at the 50% fibo level.
In addition to that the Bollinger Bands and the RSI are quite ok.
Entrance: now
Stop: 40,30$
TP: 43,20$ - 44,50$
Much fun with the Trade!
Just leave a follow :-)
