The PEAD projected a Bullish outlook for $MO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
Tobacco stock Altria has fought higher all year despite weakness in the broader market. Now it may be forming a potential continuation pattern.
Notice the series of higher lows since February 24, combined with peaks around $53.85. That ascending triangle could suggest the uptrend remains in effect because buyers are active at steadily higher levels.
Next, the...
The PEAD projected a Bullish outlook for $MO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%
With geopolitical uncertainty combined with rising inflation, why sit in cash when you can sit in MO and guarantee yourself 7% dividend.
Combine this with a massive multi-year inverted head and shoulder pattern. Projection to 65ish
This should receive additional momentum from the recent lawsuit win of their stake in Juul.
If you can get past the fact this is a tobacco company - on a technical basis it looks like the stock is ready to rip higher. Note the obvious ascending triangle on the weekly, a not-so-overcooked RSI, and how when both of these conditions existed in the past the stick ripped a good bit higher. Also - enjoy the 8% annual dividend - if you can get past the fact...
$MO - Altria - 6.96%
$PM - Philip Morris - 4.48%
$BTI - British American Tobacco - 7.92%
($MO+$PMI)/SPY - U.S Tobacco Stocks vs. SPY - When investors grow wary of markets they find comfort in Tobacco Stocks. With general markets facing increasing headwinds, investors may prefer this consumer staple. Even though, these companies are tobacco companies; their...
mo at a extreme resistance area, if it can break above then look for a rally to 57.96, but it has seen 4 rejections off this area in last 2-3 years.. so my guess is we see a 5th rejection here soon.
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Todays close was a nice push that should continue until at least $53 now. Above there, $58 -> $66 -> $75. Add the 7.11% dividend compounding every year and you will double your money with dividends alone over next 10 years or sooner. You are welcome. All aboard the MO Train!!!!
This is not a recommendation to buy or sell. It is intended for informational purposes only.
MO is giving me the same feelings when I saw CVS coming back from low 50's into 60s and 70s. Got over $110 before pulling back recently. The only issue I have with cigarette companies is the regulation. Menthol cigarettes get banned for "attracting kids due to the flavor" when no kid smokes vs vapes these days. MO has not made good investments in JUUL and in...
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,...
Trendline break upwards from ATH with AVWAP hovering around as next resistance.
long term bullishness with MACD curling up nicely.
Earnings on 27th Jan - may add to the +ve momentum.
Key Levels $50 - $52.70
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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We are facing a level of CHANGE OF POLARITY in MO stocks. Which is supported in a period. Then resistance and again support and reaction is encountered. So based on a stop loss and take profit I will entry.
Breakout Resistance, became support.
uptrend line #4 touch
Entry 44.26
Stop 43
Target 50
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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
