Key point: 123.50
Our preferred direction: long positions above the level of 123.50 dollars, targeting levels of 138.50 dollars, followed by 158.00 dollars.
Alternative scenario: stop loss and change direction by breaking the level of 107.00 dollars, targeting 80.00 levels.
Comment
The stock is testing the important resistance level of $123.50, therefore we recommend opening long positions in case of breaching this level to the upside to target the next resistance level of $138.50 followed by $158.00. In the event of a decline below the level of $ 107.00, the previous analysis will be canceled and the first target of the stock becomes $ 80.00..
