Pivot point: (140.77).
Preferred scenario: Entering long positions above the $140.77 level, with $170.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of $135.80, you can enter into short deals with $116.30 as an initial price target.
Comment:
The stock is breaching the upper boundary of the symmetrical triangle pattern that started since April 2021, around the main resistance level of $140.77, so the stock is most likely to continue rising towards the next target of $170.00 and we recommend opening long positions above the $140.00 level. In the event of a decline below the level of 135.80 dollars, the previous scenario will be cancelled. In this case, it is recommended to open short positions to target the next support level of $116.30.
