Pivot point: (2260.00).
Preferred scenario: Entering long positions above the $2260.00 level, with $2380.00 as an initial price target.
Alternative scenario: In the event the price drops below the $2170.00 level, it is possible to enter into short deals with $2050.00 as an initial price target.
Comment:
The stock has breached the descending trend line that started since April 2021, and is testing the important resistance level of 2260.00, and in case of a breach it is advised to open long positions to target the next resistance level of $2380.00. In the event of a decline below the level of 2170.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $2050.00.
