Pivot point: (166.85).
Favorite scenario: Entering long positions above the $166.85 level, with $225.00 as the initial price target.
Alternative scenario: In the event the price drops below the $165.00 level, short positions can be entered with $140.00 as an initial price target.
Comment:
The stock reached the important support level of $166.85, and there is a positive divergence with the RSI, therefore we recommend opening long positions to target the next resistance level of $225.00. In the event of a decline below the level of $ 165.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $ 140.00.
