Pivot Point: (224.16).
Favorite scenario: Entering long positions above $224.16, with $250.00 as an initial price target.
Alternative scenario: In case the price drops below the level of $220.00, you can enter into short positions with $200.00 as an initial price target.
Comment:
The stock is breaching the important resistance level 224.16 to the upside, therefore we recommend opening long positions to target the next resistance level of $250.00. In the event of a decline below the important support level of $220.00, the previous analysis will be cancelled. In this case, we recommend opening short positions to target the next support level of $200.00.
