Pivot point: (73.30).
Favorite scenario: Entering long positions above $73.30, with $76.00 as an initial price target.
Alternative scenario: If the price drops below the level of $72.70, you can enter into short deals with $70.00 as an initial price target.
Comment:
The stock is breaching the important resistance level of $73.30, therefore we recommend opening long positions to target the important resistance level of $76.00. In the event of a decline below the support level of $72.70, the previous scenario is canceled and it is recommended in this case to open short deals to target the next support level of $70.00.
