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Altria Wave Analysis – 05 March, 2019

  • Altria reversed from support zone
  • Likely to rise to 45.00

Altria recently reversed up from the support area located between the strong support level 39.00 (which stopped the sharp downtrend in September) and the lower daily Bollinger Band.

The upward reversal from this support zone started the active ABC correction (ii).

Altria is likely rise further toward the next resistance level 45.00 (former strong support from February and November).

Altria reversed from support zone

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