Pivot point: (80.51).
Favorite scenario: Entering long positions above 80.51, with $90.00 as an initial price target.
Alternative scenario: In case the price drops below the level of $75.17, you can enter into short deals with setting $68.40 as an initial price target.
Comment:
The stock has been in an uptrend since September 2020, and it broke the major resistance level of $77.40, so it is most likely to rise towards the next resistance level of $90.00. In the event of a decline below the level of 75.17, it cancels the previous scenario, and in this case it is advised to open short positions to target the next support level of 68.40 dollars.
