Page 119 - THE MARKET WHISPERER

THE MARKET WHISPERER 11 7

Here, too, if your screen allows it, display an even longer period,
preferably of five years. What do we see? Without doubt, Altria has
maintained a nice upward trend over the past two years. Yes, I’m still
interested!

Now that I like what I see over two timeframes, the daily and the weekly,
I want to check its behavior at a closer level. For that, I move to a display of
the last ten days of trade and candles showing thirty- minute timeframes:

Altria, MO – Ten-day Japanese Candle Chart at Thirty-Minute
Timeframes

When we look closely, we clearly see the consolidation at the top of the

flag. Now imagine a situation where the stock breaks out at the flag’s peak
and rises higher than $21.50. That could be very interesting!

To complete my inspection, I check Altria’s behavior over the last day of

trading with candles of five minutes. To get an even clearer view, I always

prefer to see the last two days of trading: