Pivot point: (650.00).
The preferred scenario: Entering long positions above the $650.00 level, with $690.00 as the initial price target.
Alternative scenario: In the event the price drops below the $640.00 level, you can enter into short deals with $616.00 as an initial price target.
Comment:
The stock is moving above the ascending trend line that started since August 2021, and rebounding from the important support level of $650.00, so we recommend opening long positions to target the resistance level 690.00 dollar. In the event of a decline below the level of $ 640.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the level of $ 616.00.
