Breaking out of a wedge, 48.72 a key level, if price gaps up and pulls back it'll most like bounce off this key level. IF no gap up, price would need to close above 48.72 for confirmation for a bullish trade. TrendyCharts will soon no longer be available, Follow my Twitter for updates.
If you zoom out to the monthly timeframe you’ll notice Altria Group has been struggling for the past 3 years, only this year has it started to pick up. Altria forecast full-year adjusted earnings per share of between $4.56 and $4.62. Which is a bit below Wall Street's forecast for $4.60. For the second quarter, Altria earned $1.23, up 12.8%. Sales grew 8.9% to...
Looked to me like a bear flag, keep an eye on this one
8ema (white) is new axis of support, we will watch, as long as it doesnt break this support we are golden to have a 8ema/200ema(green line) crossover which would break out of the channel for a massive bull run, on top of this its forming a cup and handle :)
60% loss over 1000 or so days, has the trend changed?
First i seen the clear bull flag, then zooming out i see a pennant here forming, can this play out????????????? im in July 16 52.5 55 AND 57.5 calls (NOT A RECOMENEDATION NONE OF THIS IS ANY FINANCIAL ADVICE OR RECOMEDATION BY ANY MEANS MY PERSONAL JOURNAL)
MO appears to be completing a wave 4 of 3 of 5 of 3. Main prediction count in blue for an extended wave 3 of 5 of 3. This puts wave 5 of 5 of 3 fib extension to that of wave 5 of 3. Alternate count in yellow given no extended wave 3 of 5 of 3.
$MO breakout of a multi-year downtrend
The PEAD projected a Neutral outlook for $MO after a Negative over reaction following its earnings release placing the stock in drift C If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
What's next in store with MO? From the long term chart we can see it tried to breach resistance but was dealt a bit of a fatal blow with recent news: Question now is will earnings take this up again to resistance or back down to support?
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 ...
After breaking a long multi-year down channel, looks like it touched briefly at resistance of the 51-52 region. Just one day so hoping this remains in the area and breaks through with a retest as support. Green bar is what I've staged as a longer term support level and blue bars previous points that the price action was rejected - and will likely act as...