Pivot point: (450.00).
Favorite scenario: Entering long positions above $450.00, with $525.00 as your initial price target.
Alternative scenario: In the event the price drops below the $436.00 level, short positions can be entered with $400.00 as an initial price target.
Comment:
The stock is moving above the rising trend line that started since February 2021, and rebounding from the important support level of $450.00, therefore we recommend opening long positions to target the next resistance level. $525.00, but in the event of a decline below the level of $436.00, the previous analysis will be canceled and it is recommended in this case to open short positions to target the next support level $400.00.
