Altria may fall to 46.70 - 47.40

Our pivot point is at 51.5.

Our preference

The downside prevails as long as 51.5 is resistance.

Alternative scenario

The upside breakout of 51.5 would call for 52.8 and 53.5.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 51.6025 and 51.5166).

Supports and resistances

53.5 **

52.8 *

51.5 **

51

49.98 (USD-last)

48.2

47.4 **

46.7 *

46 **

Number of asterisks represents the strength of support and resistance levels.