Current price: 38.30
Key point: 37
Our preferred direction: buy positions at the highest levels of 37, targeting 39 as the first target, then 40 as the second target.
Alternative scenario: stop loss and change the trend by breaking level 37, targeting levels 35.60
Technical commentary
The ground services stock is moving in a strong upward direction from the bottom of last October and has now reached when retesting the upper limit of the channel. It is expected to resume its rise to levels 39-40, but caution must be exercised due to the presence of a harmonic bat pattern that is likely to make the stock correct further downward.
