$MO - Breaking out furtherMO is continuing to break out. Long term this is beautiful set up and would be foolish to ignore.
MO trade ideas
$MO Long - Inverted Head and ShouldersWith geopolitical uncertainty combined with rising inflation, why sit in cash when you can sit in MO and guarantee yourself 7% dividend.
Combine this with a massive multi-year inverted head and shoulder pattern. Projection to 65ish
This should receive additional momentum from the recent lawsuit win of their stake in Juul.
Altria Group - On the Weekly, Looks Ready to Rally !If you can get past the fact this is a tobacco company - on a technical basis it looks like the stock is ready to rip higher. Note the obvious ascending triangle on the weekly, a not-so-overcooked RSI, and how when both of these conditions existed in the past the stick ripped a good bit higher. Also - enjoy the 8% annual dividend - if you can get past the fact their product kills people.
Smoke 'em if you got 'em - Tobacco Safe Haven$MO - Altria - 6.96%
$PM - Philip Morris - 4.48%
$BTI - British American Tobacco - 7.92%
($MO+$PMI)/SPY - U.S Tobacco Stocks vs. SPY - When investors grow wary of markets they find comfort in Tobacco Stocks. With general markets facing increasing headwinds, investors may prefer this consumer staple. Even though, these companies are tobacco companies; their future is a non-combustable alternative. Add high inflation and Tobacco is an unusual position to profit. High Inflation doesn't greatly affect Tobacco companies' bottom line. The final pricing of tobacco products is influenced by tax and regulatory fees. Roughly 70-80% of the final cost. An increase in costs due to supply chain issues does not get passed on to consumers in a meaningful way. High dividend yields and potential price appreciation make these names look attractive. Many of these Tobacco stocks peaked in 2017 and have corrected to the covid bottom in March 2020. Since March 2020, they have been trending upwards.
lets see if we reject for the 5th time or not 🚩mo at a extreme resistance area, if it can break above then look for a rally to 57.96, but it has seen 4 rejections off this area in last 2-3 years.. so my guess is we see a 5th rejection here soon.
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$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.
MOweekly break
3:40 PM] Aribu Inu🌸: better visualization
Aribu Inu🌸:this thing is going to
Aribu Inu🌸: 61
shiro ♓: lllllit
Aribu Inu🌸: i just broke
Aribu Inu🌸: mlike
Aribu Inu🌸: a 4 yr dt
shiro ♓: it'sLIT
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 weekly breakout !Trendline break upwards from ATH with AVWAP hovering around as next resistance.
long term bullishness with MACD curling up nicely.
Earnings on 27th Jan - may add to the +ve momentum.
$MO Altria Group $50 ⏰⏰
Key Levels $50 - $52.70
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MO , LONG WEEKLY TRADEHI TRADERS
We are facing a level of CHANGE OF POLARITY in MO stocks. Which is supported in a period. Then resistance and again support and reaction is encountered. So based on a stop loss and take profit I will entry.
MO LongBreakout Resistance, became support.
uptrend line #4 touch
Entry 44.26
Stop 43
Target 50
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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!
MO PutHere you see we are approaching a death cross. Short term I think we go lower especially with uncertainty in the market. Bought puts to hedge against this movement, then buying in my long term portfolio once support is found.
i opened a position yesterdayi went in this yesterday an think we came to the bottom maybev down to the next support but dont think it will go more down.
$MO - Gaining strengthMO has been in a consolidation range since the administration talked about banning menthol cigarettes. You could even use a spread since this is lining up well. The strength we are seeing in consumer staples would suggest this goes higher though. GLL
$MO - breakoutMO has silently broken out and is showing some nice strength. Lets see if the administration can kill it again with the menthol ban.
