Altria Group, Inc.
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MO trading idea + Technical analysis

259
A 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.

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