Pivot point: (35.65).
Favorite scenario: Entering long positions above $35.65, with $75.00 as the initial price target.
Alternative scenario: If the price drops below the level of $63.30, you can enter into short deals with $60.00 as an initial price target.
Comment:
The stock is breaching the important resistance level of $35.65, therefore we recommend opening long positions to target the next resistance level of $75.00. In the event of a decline below the important support level of $63.30, it cancels the previous scenario and in this case it is advised to open short deals to target the next support level of $60.00.
