Pivot point: (76.30).
The preferred scenario: Entering long positions above $76.30, with $80.00 as an initial price target.
Alternative scenario: In the event the price drops below the $75.00 level, you can enter into short deals with $73.00 as an initial price target.
Comment:
The stock is moving in an ascending price channel that started in March 2021, and the stock is rebounding from the rising trend line around the important support level of $76.30, so we recommend opening long positions to target the next resistance level of $80.00. In the event of a decline below the support level of $75.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $73.00.
