Pivot point: (231.00).
Preferred scenario: Entering long positions above the $231.00 level, with $245.00 as an initial price target.
Comment:
The stock is moving in a descending price channel that started since April 2021, and is bouncing from the bottom border of this channel around the key support level of $226.00, and we recommend buying in case the price rises above 231.00 to target the next resistance level of $245.00. In the event that prices drop below the level of $226.00, the previous scenario will be canceled, and in this case it is recommended to open short positions to target the next support level of $219.00.
