Pivot point: (2100.00).
Preferred scenario: Entering long positions above the $2100.00 level, with $2300.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of $2050.00, you can enter into short deals with $2000.00 as an initial price target.
Comment:
The stock is rebounding from the important support level of $2100.00, therefore we recommend opening long positions to target the next resistance level of $2300.00. In the event of a decline below the important support level of $2050.00. It cancels the previous scenario and in this case it is advised to open short positions to target the next support level of $2000.00.
