It looks like MO broke through the wedge. As we can see, we are in an overarching downwards trend, so I'm going to short this stock. I am going to close this trend either if price reaches the 2-year lower trendline, or if price turns around and hits the edge of the wedge.
Trade active
shorted at an avg. fill price of $42.49SL @ $44.90
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.