Altria Group Inc.: wave analysis
27 June 2019, 09:46
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 48.00 |
| Take Profit | 46.50, 45.50 |
| Stop Loss | 49.00 |
| Key Levels | 45.50, 46.50, 52.35, 57.85, 60.10 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 52.40 |
| Take Profit | 57.85, 60.10 |
| Stop Loss | 50.50 |
| Key Levels | 45.50, 46.50, 52.35, 57.85, 60.10 |
The price may fall.
On the 4-hour chart, the upward correction of the higher level develops as the wave (B) of 2. Now, the wave B of (B) is developing, within which the wave c of B is forming. If the assumption is correct, the price will fall to the levels of 46.50–45.50. In this scenario, critical stop loss level is 52.35.
Main scenario
Short positions will become relevant during the correction, below the level of 52.35 with the targets at 46.50–45.50. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 52.35 will let the price grow to the levels of 57.85–60.10.
On the 4-hour chart, the upward correction of the higher level develops as the wave (B) of 2. Now, the wave B of (B) is developing, within which the wave c of B is forming. If the assumption is correct, the price will fall to the levels of 46.50–45.50. In this scenario, critical stop loss level is 52.35.
Main scenario
Short positions will become relevant during the correction, below the level of 52.35 with the targets at 46.50–45.50. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 52.35 will let the price grow to the levels of 57.85–60.10.
No comments:
Write comments