Pivot point: (156.25).
The preferred scenario: Entering long positions above the $156.25 level, with $170.00 as an initial price target.
Alternative scenario: In the event the price drops below the $154.00 level, you can enter into short deals with $147.30 as an initial price target.
Comment:
The stock is breaching the main resistance level of $156.25, therefore we recommend opening long positions to target the next resistance level of $170.00. In the event of a decline below the support level of $154.00, it cancels the previous scenario, and in this case it is recommended to open short deals to target the next support level of $147.30.
