Pivot Point: (80.00).
Favorite scenario: Entering long positions above the $80.00 level, with $85.00 as the initial price target.
Alternative scenario: In case the price drops below the level of $75.00, you can enter into short positions with $72.00 as an initial price target.
Comment:
The stock is testing the important $80.00 resistance level. In the event of a breach of this level, we recommend opening long positions to target the next resistance level of $85.00. In the event of a decline below the important support level of $75.00, the previous analysis will be cancelled. In this case, we recommend opening short positions to target the next support level of $72.00.
