Pivot point: (320.00).
Preferred scenario: Entering long positions above 320.00, with $360.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of $306.00, you can enter into short deals with $280.00 as an initial price target.
Comment:
The stock is moving above the rising trend line that started since May 2021, and rebounding from the important support level of 320.00, so we recommend opening long positions to target the next resistance level of $360.00. In the event of a decline below the level of 306.00, the previous scenario will be canceled, and it is recommended in this case to open short positions to target the next support level of $280.00.
