The selloff in MO began back on 4/22 as lower highs and lower lows were being made. The formation and breakdown of the triangle with a bottom at $16.51 finally gave way and blew all the way to the Weekly support 1 line of $16.47 which briefly held to stop near fibbonacci level 161.8% or $16.32.
Typically a retracement back to $16.51 will be seen where a battle will commence for control.
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