Pivot point: (198.20).
The preferred scenario: Entering long positions above the level of $198.20, with $226.00 as an initial price target.
Alternative scenario: In case the price drops below the level of 194.00 dollars, it is possible to enter into short deals with setting 180.00 dollars as an initial price target.
Comment:
The stock is rebounding from the main support level of $198.20, therefore we recommend opening long positions to target the next resistance level of $226.00. In the event of a decline below the level of $ 194.00, the previous scenario will be canceled, and it is recommended in this case to open short positions to target the next support level of $ 180.00.
