Pivot point: (210.00).
Preferred scenario: Entering long positions above the $210.00 level, with $230.00 as an initial price target.
Comment:
The stock is moving in an upward general direction, and made a new high, by breaching the main resistance level of 210.00, so we recommend opening long positions to target the next resistance level of $230.00 . In the event of a decline below the important support level of $205.00, it cancels the previous scenario, and in this case it is recommended to open short positions to target the next support level of $194.00.
Point-and-shape graph:
Supports the previous scenario
