Pivot Point: (48.00).
Favorite scenario: Entering long positions above $48.00, with $50.00 as initial price target.
Alternative scenario: In case the price drops below the level of $46.00, you can enter into short positions with $44.00 as an initial price target.
Comment:
The stock is testing the important resistance level of $48.00, therefore we recommend opening long positions above this level to target the next resistance level of $50.00. In the event of a decline below the $46.00 support level, the previous analysis will be canceled and it is recommended in this case to open short positions to target the next support level $44.00.
