Pivot point: (145.00).
Favorite scenario: entering long positions above the $145.00 level, with $147.20 as an initial price target.
Alternative scenario: In case the price drops below the level of 144.00 dollars, it is possible to enter into short deals with setting 143.00 dollars as an initial price target.
Comment:
The stock is moving above the ascending trend line that started since last August, and managed to breach the important resistance level of 145.00 to the upside, so we recommend opening long positions to target the $147.20 level. In the event of a decline below the support level of $144.00, it cancels the previous scenario and is advised in this case to open short positions to target the next support level of $143.00.
