Key point: 524.00
Alternative scenario: stop loss and change direction by breaking the $440.00 level, targeting $360.00 levels.
Comment
The stock is moving above the ascending trend line that started since March 2020, and rebounding from the important support level of $524.00. Therefore, we recommend opening long positions to target the next resistance levels of $600.00, followed by $640.00. In the event of a decline below the level of $440.00, the previous analysis will be canceled and it will become the first bearish target at the level of $360.00.
