Pivot point: (300.00).
Favorite scenario: Entering long positions above the $300.00 level, with $340.00 as the initial price target.
Alternative scenario: In case the price drops below the level of $280.00, you can enter into short positions with $260.00 as an initial price target.
Comment:
The stock is still trading above the rising trend line that started since October 2021, and rebounding from the important support level of $300.00, 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 $280.00, the previous scenario will be cancelled. In this case, we recommend opening short deals to target the next support level of $260.00.
