Pivot Point: (570.00).
Favorite scenario: Entering long positions above the $570.00 level, with $600.00 as the initial price target.
Alternative scenario: In case the price drops below the $560.00 level, you can enter into short positions with $520.00 as an initial price target.
Comment:
The stock is rebounding from the important support level of $570.00, therefore we recommend opening long positions to target the next resistance level of $600.00. In the event of a decline below the next support level of $560.00, the previous analysis will be cancelled. In this case, we recommend opening short positions to target the next support level of $520.00.
