Pivot point: (80.00).
Favorite scenario: Entering long positions above the $80.00 level, with $85.00 as the initial price target.
Alternative scenario: If the price drops below the $75.00 level, you can enter into short positions with $70.00 as an initial price target.
Comment:
The stock is testing the main resistance level of $80.00, therefore we recommend opening long positions above the $80.00 level to target the next resistance level of $85.00. In the event of a decline below the important support level of $75.00, the previous scenario will be canceled, and it is recommended in this case to open short positions to target the next support level of $70.00.
