Pivot point: (137.30).
The preferred scenario: Entering long positions above the $137.30 level, with $141.45 as an initial price target.
Alternative scenario: In the event the price drops below the $136.00 level, you can enter into short deals with $132.00 as an initial price target.
Comment:
The stock is breaching the important resistance level of $137.30 with an upward price gap, therefore we recommend opening long positions to target the next resistance level of $141.45. In the event of a decline below the pivotal support level of $136.00, it cancels the previous scenario and in this case it is advised to open short positions to target the next support level of $132.00.
