MO

- Good quality stock.
- May test 61 support and form double bottom and bounce off from there. Or it may break down and retreat to 51-56 level before picking up.
- Plan: enter at 61-62 with stop loss just below 60. If that doesn't work, enter again at 54 level.

"MO": {
"max": 77.71,
"close": 65.43,
"close/max": 0.84197658,
"summary": {
"info": {
"close": 65.43,
"marketcap": 122802331211.0,
"name": "altria group",
"sector": "consumer non-durables",
"industry": "farming/seeds/milling",
"country": "united states"
},
"val": {
"peg_k": 0.05234964,
"fp2e_k": 19.82727273,
"p2e_k": 8.98763736,
"p2e": 8.19924812,
"p2bv": 10.29906707,
"p2sales": 6.47649999,
"p2fcf": 29.74102148,
"ev2ebitda": 6.59858611,
"ev2ebitda_k": 6.85099755
},
"val2_k": 36,
"val2_q": 23,
"qual2_k": 55,
"qual2_q": 25,
"qual3_k": 55
}
}

Comment:

MO followed the second scenario where it wants to test the yellow trend line. At the same time, MO got into the expected green box of 50%-61.8% retracement levels.

$51-$53 is a good entry range especially if price touches the yellow trend line and shows sign of rebounce. Target is set for $88. Stoploss can be less important for such a high quality stock. Though $47 can be a reasonable stop loss level for conservative traders like myself.