Pivot point: (245.50).
Preferred scenario: Entering long positions above the level of $245.50, with $280.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of $24,200, you can enter into short deals with $220.00 as an initial price target.
Comment:
The stock is moving above an ascending trend line that started since March 2021, and is currently rebounding from it around the important support level 245.50, so we recommend opening long positions to target the $280.00 level. In the event of a decline below the level of $242.00, it cancels the previous scenario and is advised to open short positions to target the next support level of $220.00.
