Pivot point: (317.00).
The preferred scenario: Entering long positions above the $317.00 level, with $340.00 as an initial price target.
Alternative scenario: In the event the price drops below the $315.00 level, you can enter into short deals with $300.00 as an initial price target.
Comment:
The stock is rebounding from the important support level of $317.00, therefore we recommend opening long positions to target the next resistance level of $340.00. In the event of a decline below the important support level of $315.00. The previous scenario is canceled and in this case it is advised to open short positions to target the next support level of $300.00.
