Pivot point: (270.85).
The preferred scenario: Entering long positions above the level of $270.85, with $300.00 as an initial price target.
Alternative scenario: In the event the price drops below the $266.00 level, it is possible to enter into selling deals with setting $244.00 as an initial price target.
Comment:
The stock is still moving above the ascending trend line that started since May 2020, and is currently rebounding from it around the important support level of $270.85, and the positive scenario supports the movement of the RSI, so we recommend entering long positions to target the next resistance level of $300.00. In the event of a decline below the support level of $266.00, this positive scenario will be canceled and it is recommended in this case to open short deals to target the next support level of $244.00.
