Pivot point: (123.24).
Preferred scenario: Entering long positions above 123.24, with $140.00 as an initial price target.
Alternative scenario: In the event that the price drops below the level of $116.40, you can enter into short deals with setting $102.00 as an initial price target.
Comment:
The stock is testing the important resistance level 123.24, which is the target in a previous analysis. In the event of a rise above this level, it is advised to open long positions to target the next resistance level of $140.00. In the event of a decline below the level of $116.00, it cancels out the previous scenario, and in this case it is recommended to open short positions to target the next support level of 102.00 dollars.
Point and Figure Graph:
The point and shape graph supports the previous prediction
