60% loss over 1000 or so days, has the trend changed?60% loss over 1000 or so days, has the trend changed?
MO trade ideas
$MO daily chart, possible 2nd view im taking on itFirst i seen the clear bull flag, then zooming out i see a pennant here forming, can this play out????????????? im in July 16 52.5 55 AND 57.5 calls (NOT A RECOMENEDATION NONE OF THIS IS ANY FINANCIAL ADVICE OR RECOMEDATION BY ANY MEANS MY PERSONAL JOURNAL)
MO wave analysisMO appears to be completing a wave 4 of 3 of 5 of 3.
Main prediction count in blue for an extended wave 3 of 5 of 3. This puts wave 5 of 5 of 3 fib extension to that of wave 5 of 3.
Alternate count in yellow given no extended wave 3 of 5 of 3.
$MO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MO after a Negative over reaction following its earnings release placing the stock in drift C
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MO, what next?What's next in store with MO? From the long term chart we can see it tried to breach resistance but was dealt a bit of a fatal blow with recent news:
Question now is will earnings take this up again to resistance or back down to support?
MO drops on Biden banning nicotine?lol what? Tobacco stocks are dropping on news that Biden is planning to restrict nicotine content in tobacco products. This brings NYSE:MO down about -12% from the high two days ago but still up 14% on the year. It is an attractive dividend yield play at this price (about 7%) but waiting for it to come to a proper support before buying myself.
I like NYSE:MO actually as a pot stock play. They are already positioned in the industry through acquisitions a few years ago. I think that companies who have hundreds of years of experience in growing, cultivating, processing and (most importantly) marketing smoking products will do well in the long term future.
MO looking good but at/near resistanceAfter breaking a long multi-year down channel, looks like it touched briefly at resistance of the 51-52 region. Just one day so hoping this remains in the area and breaks through with a retest as support.
Green bar is what I've staged as a longer term support level and blue bars previous points that the price action was rejected - and will likely act as resistance in the future to come.
Altria break outBreak out from long term down trend.
Break out from short term up trend.
Pretty bullish in my perspective with immediate resistance at $50; further upside to $53.60 if can cross $50.
For your inputs and trade with caution.
Looking for something strong in this market..?The week is just getting started but this looks like a strong breakout from a 3+ year downtrend. I guess people are looking for places to hide and earn some low 8%+ type safe yields and not be too exotic with "growth". First target is a retouch of 200 dma nicely aligning with one of the previous lower highs. From there we will see if this can pull a sustainable up move or will again retrace. All while you earn a nice 8% juice to wait. I am in.
$MO Altria Group - 7.7% Value Play / Anti-ESG Money MakerThis holding is one that should weather downtrends should the market shifts to value and rates increase. $MO offers a 7.7% yield presently and long term technical indicators on 1M and 1W all look solid.
$MO has traded with some correlation to rates over the past 20 years so if rates are to increase this is a solid safety play and should increae as well. $MO should still outperform bonds/US10Y where growth stocks with no earnings will not.
its also probably the largest under-covered $80B Global Market Cap out there and when the market cant afford to "invest with its feelings" this will outperform.
Wallstreet has an Average price target of $49 which lines up with some key Fib level and is also my "easy target".
Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands names; owns Stag's Leap Wine Cellars, Conn Creek, Patz & Hall, and Erath wine brands; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in transportation, power generation, real estate, and manufacturing equipment industries. The company sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores.
Altria Group, Sin & WeedLet's start with the obvious, MO has just broken the multi year downward tend for the week interval. If that isn't significant you may need to have your sack examined. You can see the trend beginning in June of 2017. People apparently stopped smoking and stopped believing POT was going to get legalized under the previous administration.
We can see that since April of 2020 MO entered into a consolidation phase. This is significant because it is the longest consolidation since the downtrend began in 2017. Moreover, the Vix is telling us that we are likely stable to continue buying as we have just broken the trend. In the coming weeks we should see the price begin to move up innocuously and then move quickly. Why will it move up?
Incase you haven't noticed our economy is in freefall. Main street is getting brutalized by COVID, GIGANTIC UNEMPLOYMENT, lockdowns, businesses closing for good, mental health disasters, lots of pending evictions and soon foreclosures, bizarre rules about dinning in restaurant and who can open and who can't.
To make matters worse the fed is blowing huge bubbles in the monetary supply the national debt is rumbling and quaking like Mt Saint Helen right before it disappeared. They are using fairytale tricks like stimulus payment, buying bonds, and sublime open market operations of which I will not delve into. What this will lead to is very, very, big inflation. We have already seen a 10% spike in housing prices over 2020.
All that said it makes sense that we are breaking out of the downward trend. People need an escape and sin is how we all like to escape. That smoking habit we gave up in 2017 will come back with a vengeance when the money is gone, wife and kids are gone, hell even your church will be gone. No more safety nets for you!
We now have a totally blue government that will keep no promises except the legalization of POT. ho will benefit from this the most? Big huge pot companies. Who knows how to sell it at this level of the game better than MO?
Looking at the technical side I have put together a wave pattern that has a few handsome moves. No need for greed, who am I kidding with no need for greed? :) So who cares about a small gain from $43-$49? Well with a good chance this is the beginning of the great smoking bull and a dividend of 8% I'm in. back to a new high and beyond. I wouldn't kick $77 per share of MO out of my sack. Will it get there overnight? No. Will it get there in the next four years I sure as heck believe so. There is no indicator that our economic hardships are over or have even crested. We are only just beginning to feel the pain. For those reasons I vote with my bucks to roll up my winnings and watch how high these profits can get.
trendline resistance is holding it back!in a downtrend for now, but once the top trendline breaks we can see a test of 52, good dip entry here though! long 43,, stop loss 39 and price target 52, very good risk reward! goodluck :)
