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MO

MO - 7.02% Potential Profit - Ascending TriangleFor those who know me, you might have realized by now that I don't usually go long when the RSI and STOCH are below 50 and MACD below Signal. I will make an exception here, however I will approach this trade carefully and allocate less than usual. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. Ascending Triangle broken out after a 6-month correction and confirmed multiple times over the past month, with occasional violations. - 6-month Uptrend - RSI + Stoch below 50 (!) - MACD below Signal (!) Suggested Entry $43.30 Suggested Stop Loss $42.83 Target price $46.36 About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:MOLong
by maschera
MO: ASCENDING TRIANGLE PATTERNHello traders! MO seems to be continuing its ASCENDING TRIANGLE PATTERN! I strongly believe that this is a good time to go long on this stock. RSI is looking upwards and it is NOT OVERBOUGHT yet, BEARISH MOMENTUM is very weak and the last two candles show us a clear bullish pattern: ONE WHITE SOLDIER PATTERN. The only question is … What are you waiting for? Remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
NYSE:MOLong
by vf_investment
MOPartial long entries today.. 43.80 range holding, for now, looking to see if we can get a curl up 30c or so before today's close. Watching for that small descending triangle intraday, We'll be looking for support levels below hold next week. Some decent support was broken, but it's been reclaimed in the past with fakeouts, so am not concerned. Looking at a weekly close range to gauge potential fakeout. If a close below 44.24 then lowest close in many years. 2 weeks from ex-div, so expecting a bottom to be hit and then some large buying power and short covering in the coming week-2 weeks. 38+-43(mid) range I fully expect to hold. It's a wide range, but strong. Future announcements concerning the merger or regulatory measures can keep some on edge. Get in before 9/13 for that 84c dividend. 1to1 at these prices puts it higher 50's with PM. Investors hopeful of .78 PM to 1 MO, but details, if any, are far out. Negative JUUL news helping shorters, again, expect Short covering.
NYSE:MO
by CNotes1234
Altria Group MO Finds Key Trendline and Fib SupportFor those of you who have been patient enough to secure a low risk entry on MO, your patience has paid off. As you can see MO has found support at the 76.4 fib retrace and a trendline that spans back to 2008. If the fib support holds here and proceeds upward, that gives us a target of around 100% - 123% fib zone. The price action formation is also a bull flag on the daily chart. Of course the market is in an overall correction, so keep that in mind when placing your stop loss.
NYSE:MOLong
by ttrending
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