Pivot point: (88.44).
Preferred scenario: Entering long positions above $88.44, with $100.00 as an initial price target.
Alternative scenario: In the event the price drops below the $85.00 level, you can enter into short deals with $76.50 as an initial price target.
Comment:
The stock is moving above the rising trend line that started since January 2021, and rebounding around the important support level of $88.44, so we recommend opening long positions to target the next resistance level of $100.00. In the event of a decline below the important support level of $85.00, the previous scenario is canceled and it is recommended in this case to open short positions to target the next support level of $76.50.
