MO trade ideas
lower "highs"when it was pure play cigs, I liked it. now dilutive juul and pot purchases, higher debt service. lower highs, trend break, shrinking sales. if they cant hold market share and pricing power, there aint much left to this story
highlighted this resistance in febi still think that vape and pot purchases are an admission of a company past its prime, I reluctantly feel there is more headwinds ahead
Chance to sell a good working PUT on AltriaThere is a support level around 54$ which was already tested beginning of April.
Stop should be arround 52$.
Next support is somewhere near 50$ which make the sell of a PUT very attractive.
From indicator perspective only my RVGI is bullish by crossing the 0 line.
Just practicing charting and technical analysisThis is not financial advice.
I expect MO to Fibonacci retrace to the golden pocket area (.618 - .65) and bounce off where we had previous resistance (a weekly and monthly level of significance).
Placing buy laddered buy orders from 48.91 to 47.82 is my idea. There is a chance price dips below the .65 into the liquidation zones a bit below. Set your stop loss according to your own risk.
Take profit at significant levels of resistance/support on the way up.
MO trading idea + Technical analysisA lot happening with this name.
Short case:
- Doji confirmation following the hanging man 6 days prior.
- Steep wedge pattern
- Extremely low VIX momentum
- RSI over-extended
- Negative divergences on lower time-frames
- Currently sitting at potential profit taking resistance of Inv. H&S
Long Case:
- Wedge is still intact
- Above 20, 50 and 200 MA on daily
- Increasing Volume
- RSI can stay Over-brought for as long as it wants
- No RSI divergences on Longer time frames (i.e Daily, weekly...)
NOTE: Nothing here is looking at Fundamentals of the company, only Tech.
$MO Altria weekly is it time to get in?Trading stock is not easy and n this case you will have to try to catch the 61.8% retrace break. A daily close next week above 57.10 will open the upside test of 62 level. Look for this daily break to enter the trade.
MO(weekly chart). Geo 5' potential, At Fib(s) Support.MO(weekly chart). Geo 5' potential, At Fib(s) Support.
RSI d, b(Div).
MO: Top is in!
Major Support via volume indicates this has some room to fall into a basket around $25-30. This looks bad for Bulls and really good for Bears. SHORT until obvious reversal pattern paints further down the line. Even a PUT option here or a Short Strangle if your nervous it could bounce out. Either would make a decent winning trade.
Upper channel in testing$MO is testing a multi-year upper channel. If it doesn't hold, SP will trade between the green lines for some years again.
Altria HnS to 26I see the HnS going hardly short down. The next opportunity to buy is nearly 26. no recommendation
Altria Group now going upwards!This analysis is only based on technical analysis. If you need fundamental analysis check out the last analysis of MO on my account.
Technical analysis:
- Target: $ 50.52
- MACD -> LONG
- RSI -> LONG
- Momentum -> LONG
- OBV -> LONG
- KST -> LONG
--> LONG
$MO - The trading system Equity Trend to go long todayToday at the market open (Jan 8), the equity trading system Equity Trend will open a long position in Altria (ticker: MO)
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management from Turtle trading.
System: bit.ly
