$BTI - SAFE HAVEN - DIVIDEND +8%
Added 2024-11-18 19:32:44 +0000 UTCIt is not 100% clear that this pull back is now complete for $BTI
It is a little short but there is no clear Wave B in this pull back and we have a bounce now
If there is a rejection soon and a further pull back, I expect this to be Wave C and holding in between the 0.5 - 0.618 Fib at the 200 Day MA....once there is a hold here, I believe this offers a very good opportunity to catch the next leg higher to $47.....plus a very attractive dividend at +8%.
Comments
I’m up almost 10% on Altria. Bought it because I think it has a better setup. But moreover Philips Morris seems to be an early runner, with Altria following. If you overlay charts you’ll find that Altria and BTI move very similar. I might add BTI next to Altria to manage risk.
Martechnic
2024-11-19 09:49:05 +0000 UTC
