Pivot Point: (181.00).
Preferred Scenario: Entering long positions above the $181.00 level, with $191.00 as an initial price target.
Alternative scenario: In case the price drops below the level of 180.50 dollars, it is possible to enter into short deals with setting 179.00 dollars as an initial price target.
Comment:
The stock bounced from the main support level of $181.00, in addition to the presence of the RSI in the oversold area and the positive divergence that appears on the CCI indicator, so we recommend opening long positions from the current levels to target the next resistance level of $191.00. In the event of a decline below the level of $180.50, it cancels the previous scenario and is advised in this case to open short positions to target the next support level of $179.00.
