Pivot point: (620.00).
Preferred scenario: Entering long positions above 620.00, with $700.00 as an initial price target.
Alternative scenario: In the event the price drops below the $605.00 level, you can enter into short deals with $565.00 as an initial price target.
Comment:
The stock breached the important resistance level of $620.00 to the upside, so we recommend opening long positions to target the next resistance level of $700.00, but in the event of a decline below the level of $605.00, it cancels the previous scenario and in this case it is advised to open short positions to target the next support level of $565.00.< /span>
