A clean Rising Wedge often precedes a big move. Validate your entry.
Reversal pattern. Price likely to break downwards.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
A clear signal has emerged for Altria (MO) on the daily chart. Price has moved to $73.53 (0.27%) amidst recent volatility. Price action has carved out a classic Diamond. This setup is supported by average volume turnover. A potential breakout level is identified at $74.56, targeting $85.04 with support near $69.32 (R:R 2.0).
What is your outlook on MO?