Shares of Altria Group Inc., one of the world's leading tobacco products, are trading higher at 47.00.
On the daily chart, the price grows within another correction wave within the Triangle pattern, dynamically narrowing boundaries at 48.00–45.00.
On a four-hour chart, the quotes broke the basic correction of 38.2% Fibonacci around 46.50 and are striving to consolidate above it. The next important resistance will be the pattern's upper border at 47.60, consolidation above, which will open the way for the asset to the Fibonacci 61.8% correction level at 50.30.
Technical indicators confirm the local growth: the range of EMA fluctuations on the Alligator indicator is directed upwards, keeping a sufficient range width, and the histogram of the AO oscillator is in the buying zone, despite the formation of downward bars.