Altria may fall to 42.40 - 43.10

Our pivot point stands at 46.6.

Our preference

Target 43.1.

Alternative scenario

The upside breakout of 46.6 would call for 47.8 and 48.5.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (45.9715) but above its 50 day moving average (45.0506).

Supports and resistances

48.5 **

47.8 *

46.6 **

46.1

45.55 (USD-last)

43.9

43.1 **

42.4 *

41.7 **

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