Pivot point: (149.50).
Preferred Scenario: Entering long positions above the $149.50 level, with $165.50 as an initial price target.
Alternative scenario: In case the price drops below the $142.00 level, it is possible to enter into short deals with setting $128.00 as an initial price target.
Comment:
The stock broke through the consolidation area that started in May 2021, to record a new high, therefore we recommend opening long positions to target the next resistance level of $165.50. In the event of a decline below the level of $142.00, it cancels the previous scenario, and it is recommended to open short positions to target the next support level of $128.00.
