Pivot point: (134.94).
The preferred scenario: Entering long positions above the $134.94 level, with $164.30 as an initial price target.
Alternative scenario: In the event the price drops below the $133.45 level, you can enter into short deals with $123.00 as an initial price target.
Comment:
The stock is rebounding from the main support level of $134.94, therefore we recommend opening long positions to target the next resistance level of $164.30. In the event of a decline below the level of 133.45 dollars, the previous scenario will be canceled, and it is recommended in this case to open selling deals to target the next support level of 123.00 dollars.
