Pivot point: (106.00).
Favorite scenario: Entering long positions above $106.00, with $120.00 as initial price target.
Alternative scenario: In the event the price drops below the $104.00 level, short positions can be entered with $95.00 as an initial price target.
Comment:
The stock is breaking the major resistance level of $106.00. Therefore, we recommend opening long positions to target the next resistance level of $120.00. In the event of a decline below the important support level of $ 104.00, the previous analysis will be canceled and it is recommended in this case to open short positions to target the next support level of $ 95.00.
