Pivot point: (640.00).
The preferred scenario: Entering long positions above the $640.00 level, with $648.00 as an initial price target, followed by $655.00 as a second target.
Alternative scenario: If the price drops below the $640.00 level, you can enter into short deals with $635.00 as an initial price target.
Comment:
The stock is moving above the rising trend line that started since last July, and is bouncing from the important support level of $644.00, in addition to the buy signal that appeared on the RSI, so we recommend opening long positions to target the next resistance level of $648.00 followed by $655.00. In the event of a decline below the level of $640.00 again, it cancels the previous scenario and is advised in this case to open short positions to target the level of $635.00.
