Altria Ready for Takeoff - Tobacco to Cannabis - THC winsIQOS was previously approved. Waiting for the positive Juul headlines to start appearing. Vaping saves lives!
Altria
Altria Inc- Short OpportunityLong-term opportunity on Altria, parent company of Philip Morris USA (producer of Marlboro cigarettes). Great dividend stock, sustainable because it is covered by operating cash flow. The price is currently touching the above trendline of this downtrend channel. We'll be looking for a breakout of the rising trend to go short.
Always keep in mind it is a game of probabilities!
Altria with mixed feelingsHey everyone,
atm i got Altria on the screen with mixed feelings in terms of technical analysis. The green line gives good support while the red box is a huge resistance. The Trend points upwards while the RSI got a divergence. There is also a chance for wave 3 in this current consolidation.
You could buy that stock as a dividend position (7,9%) and buy more f the stock goes down. You could also buy with a tight stop included. I will go with the dividend position though.
Buy: now / 43.15$
( Stop: 42.50$ )
Goal: ?
Much fun with that trade!
Leave a follow please, my goal is 200 :)
Rare investment opportunity! Altria Group (MO) buy signalsAltria Group (MO), monthly timeframe: 20 years long(!) support line + Hammer + Doji + Divergence
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 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.
CRON Make or Break! Crypto Crusader here with an extremely speculative pick, a weed stock, to be exact Cronos Group.
I don't have the time to discuss a more detailed analysis, but I'll post this chart to explain my thinking regarding technicals.
In regards to fundamentals, Altria (the maker of Marlboro) owns just under 50% of Cronos Group. You have to wonder, the maker of the worlds most popular cigarettes (regardless of tobacco being an addictive substance) must have a top notch marketing team behind them. They have billions of dollars, and it's in their best interest to see their investments profit. I'm sure they have a plan for Cronos. This is going to be almost purely speculative as a short / medium term investment, I would expect 50%+- swings in either direction. My entry was around $7.5, lets see how high this stonnkk can go!
May the trading God's be in your favor!
Crypto Crusader
Ugly times for MOAbout as bad as it gets for Altria. Only hope is a breakout above a nasty descending channel. And even then, you have resistance at what used to be support -- the ascending trendline.
CRON - ShortingDon't get me wrong, overall I am bullish on this stock. Coming up, however, we are due for a correction from a market driven largely by news / media. Check the financials.
Keep in mind everything from 1/28 -> on could be artificial movement due to Kramer calling it out on TV. I would expect quite a big profit taking coming up, wouldn't be surprised by a drop of 38% from current rise ($14 price), or even more, before the strong resistance kicks in. I love this stock (bought in at $7.62 / pre Altria) but all rides up have their downs.
2 things to look at on longer charts. 1D, and 1W. Developing rising wedge - unavoidable from recent news attention. Bearish Divergence seen in the RSI. Overbought, and decreasingly so. My sell limit is at a conservative $20. However, it may be reasonable to expect a $22-24 price before the correction.
I have charted a Fib Retrace from current low, expecting a 38% profit taking. Keep in mind, if the price goes > $19.50, the Fib Retrace needs to be adjusted for newer buy targets. Currently, I am looking at nice round numbers of $14 (best estimate), $12, or $10 (least likely). At least we have our Resistance levels marked, if there is a correction.
ALTRIA GROUP. Mo. #MO, #cannabisMarket sentiment $55.00.
I am waiting for drop till $41.00 abd then buy.
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Chance to sell a good working PUT on AltriaThere is a support level around 54$ which was already tested beginning of April.
Stop should be arround 52$.
Next support is somewhere near 50$ which make the sell of a PUT very attractive.
From indicator perspective only my RVGI is bullish by crossing the 0 line.
MO trading idea + Technical analysisA lot happening with this name.
Short case:
- Doji confirmation following the hanging man 6 days prior.
- Steep wedge pattern
- Extremely low VIX momentum
- RSI over-extended
- Negative divergences on lower time-frames
- Currently sitting at potential profit taking resistance of Inv. H&S
Long Case:
- Wedge is still intact
- Above 20, 50 and 200 MA on daily
- Increasing Volume
- RSI can stay Over-brought for as long as it wants
- No RSI divergences on Longer time frames (i.e Daily, weekly...)
NOTE: Nothing here is looking at Fundamentals of the company, only Tech.
$MO Altria weekly is it time to get in?Trading stock is not easy and n this case you will have to try to catch the 61.8% retrace break. A daily close next week above 57.10 will open the upside test of 62 level. Look for this daily break to enter the trade.
Cronos/Altria dealPpl taking profit. I did already. Wait for support to buy back. I will. Easy money folks.
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 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 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.
stocks to the downside altria ready to get the 51we have a monthly head and shoulders on mo, so i think it will continue down, my target will remain the 51 area.
#futuresalerts
