Pivot point: (155.11).
The preferred scenario: Entering long positions above the $155.11 level, with $164.00 as an initial price target.
Comment:
The stock is bouncing off the rising trend line that started since March 2021, and is currently bouncing off the key support level of $155.11, so it is likely to continue rising to target the next resistance level of $164.00. In the event of a decline below the level of $153.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $148.00.
