Pivot Point: (210.00).
Favorite scenario: Entering long positions above the $210.00 level, with $240.00 as the initial price target.
Alternative scenario: In case the price drops below the level of $207.00, you can enter into short positions with $190.00 as an initial price target.
Comment:
The stock is rebounding from the major support level of $210.00, therefore we recommend opening long positions to target the next resistance level of $240.00. In the event of a decline below the important support level of $207.00, the previous analysis is canceled and it is recommended in this case to open short positions to target the next support level of $190.00.
