PHM7 trade ideas
MO - ALTRIA GOING FOR ONE MORE WAVE DOWN?ALTRIA has broken a very important level with a strong impulse. If it bounces to the area posted on chart i'm expecting one more wave down.
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.
MO bull put spread - Options strategyBuy the Jan 17 47.5 Put and Short the Jan 17 52.5 Put (0.41 and 1.18 each right now)
Our goal is for price to remain above or equal to 52.5 by expiry (January 17th) so that our Anchor short gives us our premium.
Up in Smoke? Nope, just getting lit!Shares of MO have been under tremendous pressure since the FDA mentioned banning methol cigs/e-flavors, but don't let that fool you. This cash cow has plenty of firepower to withstand this minor hiccup and as shown on the chart, has fallen exactly to trend line support going back to 1969 (almost 50 years). This is a screaming buy!
I'm already long shares, selling covered calls against to boost income. I'm adding aggressively on this decline. I'd do the same if I were you!
MO being tested by FDA fears and Institutional SellingIf any stock can do a fakeout, it's Altria. We've seen intense selling to where the RSI is no good. FDA pressure and fears of menthol bans accelerated the selling momentum. We broke down through the channel, furthering bear strength and then through a strong support slope. Yearly bottom of April has held. I'm seeing a bear flag, yet overlapped with a semblance of a bull flag on smaller timeframes. Until buyers can settle above 57 at a close, today could be just a small reprieve in the overall drop. Hoping for bull momentum to return and the downward slope to prove as support. February's Support slope will likely prove as strong resistance in the future. 56.34 area as current immediate resistance... A strong upward break through 57.10-57.33 will be important to reclaim trading zones.
$MO looks strong - trading ideaThis stock does well during times of recession. Keep in mind everyone's mindset and sentiment around a political reset.
MO on the movePredicted trading ranges for the next 8 weeks. Weekly chart information overlapped with other time frames. Key level broken today. Good day for all Altria investors.
$MO is pretty strong in a down marketYesterday when the market went down upon open, I cut loss on $MO 1019C62 call (0.5 from 0.83) thinking without checking it will also drop with the market. It actually went up pretty well and closed at my original entry price. Today 10/5 it is still relatively strong.
Lesson is do not trade based I what I think - trade the charts and trends.
MO - LongLooking for break above trendline for continuation to at least 69. Or entry now with a 2 point stop.
Altria Group Inc - ShortStock is currently in a downward trend. Before 2018 strong upward trend. Thus, might be now only a correction on higher timeframes.
However, downward trend shows strength. I like the short-term upward trend, which I classify to be only a correction within the down-trend. Recently price showed sign of weakness, by the relatively deep downward pull within the last days.
Trade will be triggered, when price breaks through the consolidation to the downside.
Due to the recent strong upward trend, only the possible upcoming downward move will be traded.
$MO Heavy Selling Today - Additional 15% Downside Expected$MO - Heavy selling today in Altria Group Inc, along with $9M in December Puts being purchased at $60 & $55 strikes. It appears the strong resistance at $61 is holding and stock is headed for further declines (lower low) into next ER in late October.
Medium term price target - $50 by late October
Note: Informational analysis, not investment advice.
MO have the MOmentum to keep going up?On the weekly timeframe, MO (Altria) is back to a level we've missed for some months. Buyers were able to break the .78 fib retrace and a strong downslope resistance. The weekly close was confirmation after last week's daily close zone. 57.50 was a strong buyer support zone for 4 straight week closings.
A strong open above the 200 EMA is pushing MO toward buy status on weekly, as it's been a good buy across the lower TFs
Shorts are dropping to 25 on the weekly DMI, a steady decline. On H4 MO has conquered months-long moving averages. Across multiple timeframes, this is a good Hold- Long.
First support/resistances shown along with multiple fib levels across various waves
SL @ 57.89-57
As always, bear in mind any news and Dividend dates
(yes, corny title)
Breaking UpwardMO breaking back into a tight trading range with resistance at ~56.75. Next test will to break to stronger resistance at ~58. Long here and now.
Looking for Pullback from H&S Pattern. This post is little late to the party but Target price is $47.50 where we find nice support structure.
I'm looking for a long entry position at $47.50
MO Oversold and Over Extended Below MAs 5-15% Buy OpptyAltria MO is currently well oversold and is over-extended below it's short term and longer term MAs. A return to the mean allows for a 5-15% opportunity based on price structure.
MO- Good quality stock.
- May test 61 support and form double bottom and bounce off from there. Or it may break down and retreat to 51-56 level before picking up.
- Plan: enter at 61-62 with stop loss just below 60. If that doesn't work, enter again at 54 level.
"MO": {
"max": 77.71,
"close ": 65.43,
"close /max": 0.84197658,
"summary": {
"info": {
"close ": 65.43,
"marketcap": 122802331211.0,
"name": "altria group",
"sector": "consumer non-durables",
"industry": "farming/seeds/milling",
"country": "united states"
},
"val": {
"peg_k": 0.05234964,
"fp2e_k": 19.82727273,
"p2e_k": 8.98763736,
"p2e": 8.19924812,
"p2bv": 10.29906707,
"p2sales": 6.47649999,
"p2fcf": 29.74102148,
"ev2ebitda": 6.59858611,
"ev2ebitda_k": 6.85099755
},
"val2_k": 36,
"val2_q": 23,
"qual2_k": 55,
"qual2_q": 25,
"qual3_k": 55
}
}
