Stock Technical indicators to notice in ALTRIA GROUP (MO.SW)
1- Last bullish trend was from 22.50 $ (8/28/2008) to 24.20 $ (9/8/2008) a 1.70 $ move 2- The current bearish trend started from 24.20 $ at 9/8/2008 and is currently trading at 23.45 $.
4- MO.SW current resistance level is at 23.55 which is the 38.20 % fibonacci retracement of the last 1.70 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
ALTRIA GROUP (MO.SW) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 22.500 and 21.850, and is currently supporting at 22.897.
ALTRIA GROUP (MO.SW) Mid term stock chart patterns for internet stock trading :
None.
ALTRIA GROUP (MO.SW) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 24.000 and 89.500 that was broken up at 23.600 transforming into a supporting line.
Stock Trading Conclusion:
ALTRIA GROUP (MO.SW) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 23.55, 23.63, 23.74, 23.80, 23.83, 23.91, 24.20,.
Stock Support levels : 23.35, 23.15, 22.90, 22.50, 22.04, 21.45,.
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