Pivot point: (181.00).
The preferred scenario: Entering long positions around the $181.00 level, with $201.00 as an initial price target.
Alternative scenario: In the event the price drops below the $170.00 level, you can enter into short deals with $140.00 as an initial price target.
Comment:
The stock is moving above the main ascending trend line that started since March 2020, also it managed to breach the important resistance level 181.00 and the upper boundary of the descending price channel that started in March 2021, so it is recommended to open buy deals from the current levels to target the next resistance level 201.00. In the event of a decline below the main support level 170.00, the previous scenario will be cancelled. In this case, it is recommended to open selling deals to target the level of 140.00.
