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Altria

Altria: Next Try 🔜As envisaged by our primary scenario, Altria shares made another attempt last week to finally break through the support level of $40.35 to the downside. It has been moving sideways along this level since Thursday. We expect a downward resolution of this sideways movement soon, as we expect the low of the expanding wave (b) in magenta to be in the same color Target Zone between $38.52 and $37.39. Long positions can still be taken within the Zone; those wishing to hedge here in the sense of sensible risk management could do so, for example, with a stop loss 1% below the lower edge of the Target Zone.
NYSE:MOLong
by MarketIntel
Altria: Swoop 🦅With an impulsive jump to the downside, Altria fell back to the support level of $40.35 just yesterday. Our primary scenario now envisages a fall below this level and a run-up to the turquoise Target Zone between $38.52 and $37.39, where we expect the magenta wave (b) to be completed. As we subsequently expect corrective but significant rises in the course of wave (c) in magenta or the superordinate wave B in turquoise, the Target Zone is suitable for positioning on the long side.
NYSE:MOLong
by MarketIntel
Altria: High Time to Get High 🚬Having deposited the low of the magenta wave , the price of the Altria share now faces significant increases. The turquoise wave B should thereby reach the turquoise target zone between $50.67 and $53.47. After placing the top there, we expect substantial descents to below the support at $40.35. If the price falls below this support already now, our alternative (40% likely) would activate, and the stock would already be in the turquoise wave alt.C
NYSE:MOLong
by MarketIntel
Altria: Loping 👟After a longer downwards stage, Altria is loping upwards with more drive again. The share should keep up this momentum, as we still expect it to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta zone between $50.67 and $53.47. There, Altria should finish wave B in turquoise and turn southwards again, making its way below the support at $40.35 to complete wave (B) in magenta. However, there is a 40% chance that the share might not be able to tap the northern zone-compound. In that case, wave alt.B in turquoise would be concluded already and Altria would directly drop below $40.35.
NYSE:MO
by MarketIntel
Altria: You Can Get It If You Really Want 💪You can get it if you really want, You can get it if you really want, You can get it if you really want, But you must try, try and try, Try and try, you′ll succeed at last. Altria should take the lyrics of this famous rocksteady song by Jimmy Cliff to heart and continue trying to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta-colored zone between $50.67 and $53.47. The share can then use either of both zones to complete wave B in turquoise before turning downwards again, resuming the descent below the support at $40.35 to develop wave C in turquoise. There is a 35% chance, though, for Altria to start the downwards movement below $40.35 earlier. In that case, the share would have finished wave alt.B in turquoise by now, would ignore the zone-compound on the upper side and thus deploy wave alt.C in turquoise directly.
NYSE:MO
by MarketIntel
MO - BULLISH SCENARIOAltria makes and sells smokeable tobacco products like cigarettes and cigars and oral products like chewing tobacco and nicotine pouches. The addictive properties of nicotine have made Altria a controversial but consistent company. The company’s robust business model generates enough yearly cash to sustain a dividend-yielding 7.9%. The next price target is located at the $ 53 local resistance level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:MOLong
by legacyFXofficial
More altitude to be gained by 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
NYSE:MOLong
by Rykin_Capital
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
NYSE:MOLong
by VaidoVeek
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!
NYSE:MOLong
by Rykin_Capital
MO drops on Biden banning nicotine?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 NYSE:MO actually as a pot stock play. They are already positioned in the industry through acquisitions a few years ago. I think that companies who have hundreds of years of experience in growing, cultivating, processing and (most importantly) marketing smoking products will do well in the long term future.
NYSE:MO
by norok
1
Cronos Group Long Idea / Buy Toronto-based Cronos Group has always played it safe by not aggressively going after acquisitions, instead using cash to focus on research and development with its products. With steady revenue numbers, it has kept its balance sheet strong enough to at least survive the COVID-19 storm. At the moment, Cronos's business is predominantly in Canada, though its American and Israeli segments are growing quickly. While its Canadian segment hasn't expanded much this year, its total quarterly revenue is growing at a rate of 29.1% year over year, which is a bit faster than Canopy. But this growth doesn't change the profitability problem. That said, Cronos may not need to take dramatic action to reach profitability, thanks to a powerful new ally. In March of last year, Altria Group agreed to invest $1.8 billion in Cronos in exchange for a 45% share of the company. Altria is one of the world's largest tobacco product manufacturers, and its holdings include everything from major cigarette brands to newly famous e-cigarette and vaporizer companies like JUUL. So it's reasonable to expect that Altria will empower Cronos with its considerable strength in product development, brand-building, and supply chain management. As long as Altria continues to invest in improving its vaporizers, Cronos will benefit, and it will have a long-lasting competitive advantage as a result. From all this i am expecting the stock to outperform canopy growth in the long term +4years . And seeing the price reaching 100$ or even more by 2030 . Buy and Hold. Good Luck
NASDAQ:CRONLong
by MassineFariss
2