Key point: 243.00
Our preferred direction: long positions above the $243.00 level, targeting $275.00, followed by $290.00.
Alternative scenario: stop loss and change direction by breaking the $240.00 level, targeting $230.00 levels.
Comment
The stock is moving in a descending price channel that started in December 2021, and is rebounding from the main support level of $243.00, therefore we recommend opening long positions to target the next resistance level of $275.00 followed by $290.00. In the event of a decline below the important support level of $240.00, the previous analysis will be canceled and the first target for the stock in this case will be $230.00
