Pivot point: (119.80).
Preferred scenario: Entering long positions above the 119.80 level, with $130.00 as an initial price target.
Alternative scenario: If the price drops below the $116.13 level, you can enter into short deals with $107.00 as an initial price target.
Comment:
The stock reached the main support level 116.13, and rebounded from it well, so we recommend opening long positions to target the next resistance level of $130.00, and in the event of a decline Below the support level of $116.13 again, it cancels the previous scenario and in this case it is recommended to open short positions to target the next support level of $107.00.
point-and-shape graph:
The stock is breaching the double top pattern to the upside to target $130.00, which confirms the previous vision.< span style="font-size:18px;"