Pivot point: (400.00).
Favorite scenario: Entering long positions above the $400.00 level, with $475.00 as the initial price target.
Alternative scenario: If the price falls below the $382.00 level, short positions can be entered with $325.00 as an initial price target.
Comment:
The stock is breaching the important resistance level of $400.00, therefore we recommend opening long positions to target the next resistance level of $475.00. In the event of a decline below the support level of $382.00, the previous analysis will be canceled and it is recommended in this case to open short positions to target the next support level of $325.00.
