Pivot point: (65.90).
Favorite scenario: Entering long positions above $65.90, with $68.00 as an initial price target.
Alternative scenario: In the event the price drops below the $65.00 level, short positions can be entered with $62.00 as an initial price target.
Comment:
The stock is breaching the important resistance 65.90, breaching the ascending triangle pattern, and therefore we recommend opening long positions to target the next resistance level of $68.00. In the event of a decline below the level of $65.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $62.00.
