MO trade ideas
One For Traders & InvestorsAscending triangle on breakout watch....with a 7.97% dividend yield at that!
Ascending Triangle with Bearish Divergence in a DowntrendMO has been in a downtrend for a while now. Currently, there is an ascending triangle pattern occurring, with Class B bearish divergence on both oscillators. If the trend is your friend, and the technical analysis on the oscillators are respected, then there's an indication of a potential shorting opportunity. The measured move of this pattern for a short almost lines up with the 786 fib retrace, for a potential profit of approximately 43.5%. We would place our stoploss at Dow's 50% retracement.
I am told by other traders and analysts wiser than I that this is not exactly a low risk trade. We are in a market that the Fed is willing to prop up no matter what, and during high stress situations such as a pandemic, people are prone to fall back on habits including smoking cigarettes (even though I would think that a very unwise decision considering this disease). So, this trade could end up falling apart. For that reason, it might be wisest to void entering a position until this trade breaks out to the downside of the ascending triangle.
nice setup on sr flip at key levelearly rotation out of nasdaq will punished, this week i expect a fall from both diagonal and horizontal resistance levels as bulls capitulate back into growth
Altria Group LongtradeHey Guys
This one could also be a thing. ATM the Stock is on its way to the 5th wave and quite at the bottom of the trend channel.
Entry: just now
Stopp Loss: 40,40$
Take Profit: 43,10$
Much fun with that trade.
Leave a Comment!
Altria LongtradeHey everyone,
just got this little longtrade idea for you. The elloit waves point out the transition point for wave 5 which starts at the 50% fibo level.
In addition to that the Bollinger Bands and the RSI are quite ok.
Entrance: now
Stop: 40,30$
TP: 43,20$ - 44,50$
Much fun with the Trade!
Just leave a follow :-)
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!
HEY MOIT'S VERY PROBABLY THAT NYSE:MO GO UP (9.2 % OF RETURN ON INVESTMENT) SINCE THE 28TH JULY (EARNINGS DATE)
MO: Ascending TriangleAscending Triangle
Descending volume
PPS above 50MA
Possible trend reversal
Cons
PPS below 200MA
200MA pointing down
ATR down
250RSI under 50
Rare investment opportunity! Altria Group (MO) buy signalsAltria Group (MO), monthly timeframe: 20 years long(!) support line + Hammer + Doji + Divergence
Smoking.I feel as though we are approaching a decision point for MO. As this dark pink triangle closes, we will know if it was a bearish continuation pattern.
This would encourage me to believe that a recession is really in, and the bear market rally ending, because smokers are always gonna smoke, and only a really bad recession would change that.
-OR-
If the rebound off of the "Covid" spike in March will prevail and we start the leap up (which was due prior to the spike).
Also... MO has an astounding 8.78% dividend yield.
Inverse Head And Shoulders on AltriaInverse Head And Shoulders pattern is formed on the 1 hour timeframe. I expect the stock to grow if the resistance level of 41.55-42.45$ is broken.
MO Long, down trend line break and demand zone confirmedCondition:
#1 Demand zone confirmed with false breakout
#2 Down trend line break by Breakaway Gap
Earning Date: 7/30/2020. It will not affect this trading plan.
Stock Entry: 36.5
Stop: 35
Target1: 42; risk/reward=1:3
Target2: 45; risk/reward=1:5
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
My buy zoneMo is currently working on a double top, I assume that the completion of the figure will occur at $ 33 level, and there I am going to buy it
short to buy level at weekly timeframe by put option to $20short to buy level at weekly timeframe by put option to $20
No Brainer Going LongThe correction of MO completes in time to rise together with the cannabis market.
MO owns 45% of Cronos and this is their extended growth play for the future.
Growth plus over 9% dividend yield at $36 USD.
$MO Trading At Key Support Levels$MO looks to be a safe bet in the coronavirus crisis. People will find a way to get their cigarettes no matter what. $40 is a key level and the MACD is turning positive. We can easily see a quick bounce. $MO trades at just 9x earnings.
As always, trade with caution.
Good luck to all!
MO Fell to test 200EMA on Monthly TFMO has had a terrible time lately and it may just get worse. Currently testing support on the Monthly/Weekly tf from a Down channel extension to the 200 EMA on the Monthy timeframe. Keep this one on watch.
MO fo sho?$MO dividend is giving me the look ;) could go back to 34 enough to go all in. Keeping this one on the look out to see if it stabilizes here or keeps going down. This pattern is looking to easy but will stay and look for now.
uc
$MO Altria Group setting up a reversal The stock has suffered terribly as a result of negative publicity and involvement in several scandals throughout 2019.
Questionable investments has effected the financials.
Public and regulatory back lash negative for the stock.
Possible golden cross imminent.
Inverse head & shoulders possibly forming.
