Pivot point: (580.00).
Preferred scenario: Entering long positions above 580.00, with $680.00 as an initial price target.
Alternative scenario: In the event the price drops below the $575.00 level, you can enter into short deals with $526.00 as an initial price target.
Comment:
The stock made a new high by breaching the important resistance of $580.00, therefore we recommend opening long positions to target the next resistance level of $680.00. In the event of a decline below the level of $575.00, it will cancel the previous scenario, and in this case it is recommended to open short positions to target the next support level of $526.00.
Point-and-shape graph
Supports the previous scenario.
