Short term view - ALTRIA : The triangle has just been triggered.
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at $70.30. The invalidation level is below $64.50.Arguments :
- The resistance has been passed.
- The 38% retracement has been passed.
- The...
Altria Group is a holding company. The company's subsidiaries include: Philip Morris USA Inc., which is engaged in the manufacture and sale of cigarettes; John Middleton Co., which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco; Sherman Group Holdings, LLC and its subsidiaries, which are engaged in the manufacture and sale of cigarettes and the sale of cigars; and UST LLC, which through its subsidiaries, including U.S. Smokeless Tobacco Company LLC and Ste. Michelle Wine Estates Ltd., is engaged in the manufacture and sale of smokeless tobacco products and wine. The products of the company's tobacco subsidiaries include smokeable tobacco products and machine-made cigars.
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