Pivot point: (197.00).
The preferred scenario: Entering long positions above the $197.00 level, with $207.00 as an initial price target.
Comment:
The stock is bouncing off the rising trend line that started since March 2021, and is currently bouncing off the major support level of 197.00, so it is likely to continue rising to target the next resistance level of $207.00. In the event of a decline below the level of 194.80 dollars, the previous scenario will be canceled and it is recommended in this case to open short deals to target the next support level 18,500 dollars.
