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Altria Group Inc., Elliot Wave Analysis
1/6/2023 10:08 AMThe price is in a correction and may grow.
On the daily chart, the first wave of the higher level (1) formed, and a downward correction forms as the second wave (2), within which the wave А of (2) appeared, and the upward wave B of (2) develops. Now, the wave a of B and the wave b of B have ended, and the wave c of B is developing, within which the correctional local wave (iv) of c is ending. If the assumption is correct, the asset will grow to the area of 49.10–51.00. In this scenario, critical stop loss level is 43.20.
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