Pivot point: (167.00).
Preferred scenario: Entering long positions above 176.00, with $177.00 as an initial price target.
Alternative scenario: In the event the price drops below the $165.00 level, you can enter into short deals with $160.00 as an initial price target.
Comment:
The stock is still moving above the rising trend line that started since July 2021, and rebounding from the important support level of $167.00, so we recommend opening long positions to target the resistance level Next is $177.00. In the event of a decline below the important support level of $165.00, it cancels the previous scenario, and in this case it is recommended to open short positions to target the next support level of $160.00.
