MO trade ideas
Altria Group IncHere is the same action as my previous analysis. Price bounced breaking the resistance level which was a support zone and now coming back to test it. This zone is more important becouse, there is a fibonacci levels and also the inside trendline moreover strong support zone. On the other hand, we have two alternatives
1- we can open long trade after testing these level and being sure that the price will go up taking confirmations
2- we have another possible formation of SHS. I i have not drawn this formation because of the broken resistance level and also the fibonacci levels.
I expect price will go up. Possible entry zone will be if price bounce up after pulling back and also after a good bullish candlestick
-Good luck
-Murod
If there will be any questions or other opinions I`ll be glad to response it or here your advices
$MO today might be a turning date for MO at 62.54 Gann's Support$MO at Gann's support and turning date today
MO Rubber band snap back playThis stock has a potential for a rubber band snapback to the 20MA with a potential for even more downside. Although this is a counter trend, it is getting ready to test the top Bollinger band and has extremely overbought stochastics. Looking forward to watching this one the next week or so.
$MO gap closed! Gap closed... Lets see if they take us higher here!
Market is recovering into close very good sign!
MO BULLISHMO has been in a downtrend recently from it's high. Looks like it found support at a previous resistance and is trying to push higher. Very soon I believe it will break it's downtrend and go up to start a bull run to enter. I currently already have shares of this stock and plan on adding more soon.
MO RSI Divergence ShortMO formed a bull flag in the last quarter of 2016 and has broken out to higher highs. The RSI has not followed and confirmed the price strength. The target for the bull flag is $74 price level.
Watch for confirmation of price action and RSI Divergence. We will then look to buy puts.
