Altria Group, Inc.
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Altria Group MO Finds Key Trendline and Fib Support

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For 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.
註釋
Quick correction, the fib is currently not support and is located ~53.83 as you can see in the chart. Wait for it to become support before considering a safer entry.
取消訂單
78.6 fib never became support therefore we never received an entry.

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