Pivot point: (354.00).
Preferred scenario: Entering long positions above 354.00, with $370.00 as an initial price target.
Comment:
The stock is breaking the descending trend line that started since June 2021, around the $354.00 resistance level, so we recommend opening long positions to target the next resistance level at $370.00. In the event of a decline below the important support level of $348.00, it cancels the previous scenario and is advised in this case to open short positions to target the next support level of $335.00.
