It seems there are many channels, either horizontal or parrallel, for MO.
And each collosion of price and channel will show a direction of movement.
Whether MO can hold 66.10 or not is a crucial factor for short-term direction.
Is the reward worthy of taking risks? 5.17% to its recent hight.
This is a follow-up to using your X as well as your Y. Eleven days ago I wrote this: "The next Fibonacci time cycle is due on April 18, 2016. Does this mean MO will keep hitting new highs until this date? Will Fibonacci 1.272 ($65.06) be hit on this date? Who knows? But, I now have a clue as to WHEN something is likely to happen. It forces me to anticipate...
