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Recently we noticed both Philip Morris (PM) and Altria Group (MO) displaying some nice intermediate term setups for moves higher. We discuss in the video below along with a few other related tobacco charts that may be forming bottoms as well.
PM & MO where names that we had been projecting large corrections to begin since May 2017. Both completing five waves up from 2008/2009 lows into the June 2017 highs.
Inside these larger corrections PM & MO are both inside large B-wave bounces. Both have initial moves up from December