Pivot Point: (61.80).
Preferred Scenario: Entering long positions above $61.80, with $67.50 as an initial price target.
Alternative scenario: In case the price drops below the level of $60.80, you can enter into short deals with setting $58.00 as an initial price target.
Comment:
The stock is moving in a general bullish direction, and made a new higher by breaching the important resistance level of 61.80 dollars, therefore we recommend opening long positions to target the next resistance level of 67.50 dollars. In the event of a decline below the important support level of $60.80, it cancels the previous scenario, and it is recommended in this case to open short positions to target the next support level of $58.00.
