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.
