Growth is possible.

On the daily chart, a downward correction ended as the second wave of the higher level (2), and the third wave (3) started, within which the entry first wave of the lower level 1 of (3) develops. Now, the wave iii of 1 of (3) is forming, within which a correction has ended as the wave (iv) of iii, and the wave (v) of iii is forming. If the assumption is correct, the asset will grow to the area of 55.00–57.00. In this scenario, critical stop loss level is 49.77.

Shares of Altria Group Inc., one of the leaders in the tobacco market, are correcting at 50.00.