Current price: 37.70
Key point: 36.45
Our preferred direction: Buy positions at the highest levels of 36.45, targeting 38.95 as the first target, then 40.90 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 36.45 level, targeting 35.70 levels
Technical commentary
Advanced stock is moving within an ascending price channel from the bottom of October and above the support levels 35.75-36.45 after penetrating a descending price channel and after forming an alt bat harmonic pattern, so that the stock is expected to rise to levels of 38.95 and then levels of 40.90.
