Philip Morris Turning Point: Surge to $200 or Drop to $140?

Technical Analysis
Overall Trend: The stock is in an upward channel, and the ascending trendline (blue) has been validated multiple times, showing strong price reactions.
Moving Average: The price is fluctuating near the 50-day moving average, which acts as short-term support/resistance.
Key Support: The $163–165 range aligns with the ascending trendline.
Key Resistance: $175–177 and then $185–190.

Short-Term Scenario (1–3 weeks)

Bullish Scenario:
If the price holds above the trendline ($163–165) and breaks $168.5, a rise to $175 is expected. If $175 is broken, the next target is $182–185.
Target 1: $175
Target 2: $182–185
Stop Loss: Below $162

Bearish Scenario:
If the trendline is broken and the price consolidates below $162, a drop to $155 is possible, and in the worst case, it could reach $138–140.
Target 1: $155
Target 2: $138–140
Stop Loss: Recovery and consolidation above $168

Long-Term Scenario (3–6 months)

Bullish Scenario:
If the upward trend continues and the $185–190 resistance is broken, the path toward the all-time high near $195–200 opens.
Mid-term Target: $185–190
Long-term Target: $195–200
Stop Loss: Losing support at $155


Bearish Scenario:
If the key support at $155 is broken and selling pressure continues, a corrective target around $137 is likely. This level is considered strong support on a larger timeframe.
Target 1: $155
Target 2: $137
Stop Loss: Recovery and consolidation above $175


Summary:
In the short term, traders should consider the $163–165 range as critical. Holding above it opens a growth opportunity to $175–185, but losing it could trigger a drop to $155 and $140.
In the long term, as long as support at $155 holds, the bullish trend remains dominant, and the $190–200 target remains active.