From parabolic to another sell pattern - will this one work also?
August 11, 2025
It's been years since I blogged about Altria. (MO) To this day, really don't know what they do ... I was shown the chart and was asked how to come up w/ targets when a security has gone parabolic. MO just happened to be the stock. Here's the blog post: https://bartscharts.com/2020/09/01/parabolic-moves/ Yes, folks, that was the exact high ...
Pretty amazing that it's been over 8 years since that top.
Take a look at the chart below ... it's a 'near perfect' sell pattern. So, after a parabolic move w/ a 3 drives to a top pattern followed by a 60% correction we have a near perfect sell pattern. Probability favors the short ... if this doesn't work then MO will, more than likely, get to new highs.
