Pivot point: (80.00).
Favorite scenario: Entering long positions above the $80.00 level, with $92.00 as the initial price target.
Alternative scenario: If the price drops below the level of $77.00, you can enter into short positions with $72.00 as an initial price target.
Comment:
The stock is rebounding from the important support level 80.00, therefore we recommend opening long positions to target the next resistance level of $92.00. In the event of a decline below the important support level of $77.00, the previous scenario will be canceled and the first support in this case will become $72.00.
