The price of Altria is still struggling to break below the $40.35 support level. We expect the price to dip below this support and reach the magenta Target Zone between $38.52 and $37.39. Only here do we expect the end of wave-(b) and thus the transition into the last sub-wave of the turquoise wave B
As envisaged by our primary scenario, Altria shares made another attempt last week to finally break through the support level of $40.35 to the downside. It has been moving sideways along this level since Thursday. We expect a downward resolution of this sideways movement soon, as we expect the low of the expanding wave (b) in magenta to be in the same color Target...
With an impulsive jump to the downside, Altria fell back to the support level of $40.35 just yesterday. Our primary scenario now envisages a fall below this level and a run-up to the turquoise Target Zone between $38.52 and $37.39, where we expect the magenta wave (b) to be completed. As we subsequently expect corrective but significant rises in the course of wave...
Having deposited the low of the magenta wave , the price of the Altria share now faces significant increases. The turquoise wave B should thereby reach the turquoise target zone between $50.67 and $53.47. After placing the top there, we expect substantial descents to below the support at $40.35. If the price falls below this support already now, our alternative...
After a longer downwards stage, Altria is loping upwards with more drive again. The share should keep up this momentum, as we still expect it to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta zone between $50.67 and $53.47. There, Altria should finish wave B in turquoise and turn southwards again, making its way below...
You can get it if you really want, You can get it if you really want, You can get it if you really want, But you must try, try and try, Try and try, you′ll succeed at last. Altria should take the lyrics of this famous rocksteady song by Jimmy Cliff to heart and continue trying to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and...
Altria makes and sells smokeable tobacco products like cigarettes and cigars and oral products like chewing tobacco and nicotine pouches. The addictive properties of nicotine have made Altria a controversial but consistent company. The company’s robust business model generates enough yearly cash to sustain a dividend-yielding 7.9%. The next price target is...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Hi, Since the end of 2020, Altria has started to show its strength by giving us a higher low. Since then it managed to push above the long-lasting downwards trendline which started from ATH at the beginning of 2017. Made a quite solid breakout with a strong and powerful candle as needed. To be said, if it is a strong trendline then it needs a lot of power to push...
I assume a wxy move to test the weekly high. First wave up in a structure is a zigzag (abc), followed by a corrective structure (likely a complete zigzag). Risk - complication of the current correction with a complex wave B (flat). In this case we are missing the last wave before the turn.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Long-term weekly chart of MO looking very bullish. Break of the weekly ema 100 @ 46,38 would be confirmation for further upside towards next ex dividend Long- term technical target $59. Watch for break-out of this level for further possible further upside to $65-68 range. This is a multiple year projection estimated to mature in 2024
Here you see we are approaching a death cross. Short term I think we go lower especially with uncertainty in the market. Bought puts to hedge against this movement, then buying in my long term portfolio once support is found.
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 ...
Break 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.
Does the downtrend end? We broke the downtrend which started in 2017. We broke out of the huge triangle. Looks like it's a trend change. MO has investments in the cannabis sector (cron). The cannabis sector is INSANE right now - so I think it will push MO price. so... LONG