A lot happening with this name. Short case: - Doji confirmation following the hanging man 6 days prior. - Steep wedge pattern - Extremely low VIX momentum - RSI over-extended - Negative divergences on lower time-frames - Currently sitting at potential profit taking resistance of Inv. H&S Long Case: - Wedge is still intact - Above 20, 50 and 200 MA on daily -...
Trading stock is not easy and n this case you will have to try to catch the 61.8% retrace break. A daily close next week above 57.10 will open the upside test of 62 level. Look for this daily break to enter the trade.
Ppl taking profit. I did already. Wait for support to buy back. I will. Easy money folks.
ALTRIA has broken a very important level with a strong impulse. If it bounces to the area posted on chart i'm expecting one more wave down.
For those of you who have been patient enough to secure a low risk entry on MO, your patience has paid off. As you can see MO has found support at the 76.4 fib retrace and a trendline that spans back to 2008. If the fib support holds here and proceeds upward, that gives us a target of around 100% - 123% fib zone. The price action formation is also a bull flag on...
If any stock can do a fakeout, it's Altria. We've seen intense selling to where the RSI is no good. FDA pressure and fears of menthol bans accelerated the selling momentum. We broke down through the channel, furthering bear strength and then through a strong support slope. Yearly bottom of April has held. I'm seeing a bear flag, yet overlapped with a semblance of...
Predicted trading ranges for the next 8 weeks. Weekly chart information overlapped with other time frames. Key level broken today. Good day for all Altria investors.
we have a monthly head and shoulders on mo, so i think it will continue down, my target will remain the 51 area. #futuresalerts