Hello traders!
MO seems to be continuing its ASCENDING TRIANGLE PATTERN! I strongly believe that this is a good time to go long on this stock. RSI is looking upwards and it is NOT OVERBOUGHT yet, BEARISH MOMENTUM is very weak and the last two candles show us a clear bullish pattern: ONE WHITE SOLDIER PATTERN.
The only question is … What are you waiting for?...
I feel as though we are approaching a decision point for MO. As this dark pink triangle closes, we will know if it was a bearish continuation pattern.
This would encourage me to believe that a recession is really in, and the bear market rally ending, because smokers are always gonna smoke, and only a really bad recession would change that.
-OR-
If the rebound...
Condition:
#1 Demand zone confirmed with false breakout
#2 Down trend line break by Breakaway Gap
Earning Date: 7/30/2020. It will not affect this trading plan.
Stock Entry: 36.5
Stop: 35
Target1: 42; risk/reward=1:3
Target2: 45; risk/reward=1:5
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your...
The correction of MO completes in time to rise together with the cannabis market.
MO owns 45% of Cronos and this is their extended growth play for the future.
Growth plus over 9% dividend yield at $36 USD.
$MO looks to be a safe bet in the coronavirus crisis. People will find a way to get their cigarettes no matter what. $40 is a key level and the MACD is turning positive. We can easily see a quick bounce. $MO trades at just 9x earnings.
As always, trade with caution.
Good luck to all!
MO has had a terrible time lately and it may just get worse. Currently testing support on the Monthly/Weekly tf from a Down channel extension to the 200 EMA on the Monthy timeframe. Keep this one on watch.
$MO dividend is giving me the look ;) could go back to 34 enough to go all in. Keeping this one on the look out to see if it stabilizes here or keeps going down. This pattern is looking to easy but will stay and look for now.
uc
The stock has suffered terribly as a result of negative publicity and involvement in several scandals throughout 2019.
Questionable investments has effected the financials.
Public and regulatory back lash negative for the stock.
Possible golden cross imminent.
Inverse head & shoulders possibly forming.
Altria is finally trading above the 200 SMA and been trending up since the beginning of Oct. The ex dividend date is 12/24 and the dividend yield is an excellent 6.7%. It's PE is also pretty darn good at 12.82, and the consensus target price is 54.86. That would be 7.29% upside (it's current price is 51.13), plus an incoming dividend payment. IMHO this would be...
