Pivot Point: (104.00)
Preferred scenario: Entering long positions above the $104.00 level, with $112.00 as an initial price target.
Alternative scenario: In the event the price drops below the $103.00 level, it is possible to enter short positions with $100.00 as an initial price target.
Comment:
The stock has retested the breakout area around $104.00, so we recommend opening long positions to target the next resistance level of $112.00. In the event of a decline below the level of $103.00, it cancels the previous scenario and is advised in this case to open short positions to target the next support level of $100.00.
