Pivot point: (3269.71).
Preferred scenario: Entering long positions above the $3269.71 level, with $3,764.95 as the initial price target.
Alternative scenario: In the event the price drops below the level of $3200.00, short positions can be entered with $2755.29 as an initial price target.
Comment:
The stock is breaching the important resistance level $3269.71, therefore we recommend opening long positions to target the next resistance level $3764.95. In the event of a decline below the support level of $3200.00, the previous analysis will be canceled and it is recommended in this case to open short deals to target the next support level of $2755.29.
