Pivot point: (67.00).
Favorite scenario: Entering long positions above $67.00, with $76.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of $64.00, short positions can be entered with an initial price target of $58.20.
Comment:
The stock is breaching the major resistance level of $67.00, therefore we recommend opening long positions to target the next resistance level of $76.00. In the event of a decline below the important support level of $64.00, it cancels the previous scenario, and in this case it is recommended to open short deals to target the next support level of $58.20.
