Pivot Point: (96.00).
Favorite scenario: Entering long positions above $96.00, with $103.50 as an initial price target.
Alternative scenario: In the event the price drops below the level of $92.00, you can enter into short positions with $88.00 as an initial price target.
Comment:
The stock is heading to test the important resistance level of $96.00, by breaching it to the upside, we recommend opening long positions to target the next resistance level of $103.00. In the event of a decline below the important support level of $92.00, the previous analysis will be canceled and it is recommended in this case to open short deals to target the next support level of $88.00.
