Pivot point: (750.00).
Favorite scenario: Entering long positions above 750.00, with $885.00 as an initial price target.
Alternative scenario: In case the price drops below the level of $706.00, you can enter into short positions with $655.00 as an initial price target.
Comment:
The stock is moving above the ascending trend line that started since October 2020, and rebounding from the important support level of $720.00, so we recommend opening long positions to target the next resistance level of $885.00. In the event of a decline below the level of $706.00, the previous scenario will be canceled, and in this case it is recommended to open short positions to target the next support level of $655.00.
