Pivot point: (107.00).
Preferred scenario: Entering long positions above 107.00, with $120.00 as an initial price target.
Alternative scenario: In the event the price drops below the $103.00 level, short deals can be entered with setting $98.00 as an initial price target.
Comment:
The stock is testing the important resistance level 107.00, so we recommend buying in case it breaks higher to target the next resistance level of $120.00. In the event of a decline below the level of $103.00, it cancels the previous scenario, and in this case it is recommended to open short positions to target the level of $98.00.
