MO High-risk Initial LongMO High-risk Initial Long. SL and TP on the chart. 10-20x leverage. Move SL on TP.
PHM7 trade ideas
Altria (MO) | Retesting The Breakout Area!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 through it and it got it.
The break smashed a couple of good criteria: managed to push above the downwards trendline, managed to break above the 50EMA, managed to break above mid-number $50, and managed to make a now and strong mid-term higher high! Quite impressive!
After the perfect trendline retest, it created another higher low and pushed into new HH above $50 and above a strong horizontal area.
Ńow, it has started to approach another retest and the price of Altria has reached inside a possible buying area.
Technically it would be a great investment which is supported by 50EMA, strong horizontal area, mid-number $50, minor trendline, and historically a strong horizontal price zone around $50.
Do your own research and if it matches with my TA you are ready to go.
Regards,
Vaido
Ascending Triangle in Altria GroupTobacco 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 $53.85. That ascending triangle could suggest the uptrend remains in effect because buyers are active at steadily higher levels.
Next, the bottom of the pattern roughly matches the rising 50-day simple moving average (SMA): another sign of the trend moving upward.
Third, the eight-day exponential moving average (EMA) has remained above the 21-day EMA almost without interruption since early December.
Finally, the last week has seen a potential peaking in bond yields and a breakout in utility stocks. That could potentially signal a shift away from cyclicals toward non-cyclicals (especially as economists cite potential recession risks).
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$MO Long - Inverted Head and ShouldersWith 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.
Altria Group - On the Weekly, Looks Ready to Rally !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 their product kills people.
Smoke 'em if you got 'em - Tobacco Safe Haven$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 future is a non-combustable alternative. Add high inflation and Tobacco is an unusual position to profit. High Inflation doesn't greatly affect Tobacco companies' bottom line. The final pricing of tobacco products is influenced by tax and regulatory fees. Roughly 70-80% of the final cost. An increase in costs due to supply chain issues does not get passed on to consumers in a meaningful way. High dividend yields and potential price appreciation make these names look attractive. Many of these Tobacco stocks peaked in 2017 and have corrected to the covid bottom in March 2020. Since March 2020, they have been trending upwards.
$MO - Beautiful long term looking chartTodays 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 Weekly ChartMO 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 medical marijuana. Buying at the top basically for both. However, it has paid its price and I would love to see this keep moving higher in 2022 and 2023.
Good luck!
This is not intended as a recommendation to buy or sell. It is for informational purposes only.
Altria -> +50% potentialI 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.
Taking a chance on Altria. MOWe 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, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$MO Altria Group $50 ⏰⏰
Key Levels $50 - $52.70
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MO long - bullishLong-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 $65-68 range. This is a multiple year projection estimated to mature in 2024
Buy and hold to the moonWhich scenerio for MO?
In general we can look forward MO wil be ABCD harmonic pattern.
Now we can refine Wave I and Wave II been finished and forming wave III. And we can draw a suitable long term channel.
-The price now will be swing in triangle pattern and find energy to breakout. This is the first potential buying entry (Pocket Pivot).
-The price will aim to 52$, this is a long and sustainable resistence, it need more energy to break this. When accumulating enough, the price will break and conquer this resistence, this one will be solid support in the future. And this will also be a potential second buying entry (traditional breaking out entry).
Wait n see! See you in the next 8 years!
