MO trade ideas
MO bull play8ema (white) is new axis of support, we will watch, as long as it doesnt break this support we are golden to have a 8ema/200ema(green line) crossover which would break out of the channel for a massive bull run, on top of this its forming a cup and handle :)
60% loss over 1000 or so days, has the trend changed?60% loss over 1000 or so days, has the trend changed?
$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.
