Pivot point: (1650.00).
Favorite scenario: Entering long positions above the $1650.00 level, with $1900.00 as the initial price target.
Alternative scenario: In case the price drops below the $1610.00 level, you can enter into short deals with $1433.00 as an initial price target.
Comment:
The stock is breaching the main resistance $1650.00, forming a new higher, therefore we recommend opening long positions to target the next resistance level $1900.00. In the event of a decline below the important support level of $1610.00, it cancels the previous scenario and is advised in this case to open short positions to target $1433.00.
