Current price: 37.85
Key point: 36.90
Our preferred direction: buy positions at the highest levels of 36.90, targeting 39.95 as the first target, then 41.10 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 36.90 level, targeting 36.00 levels
Technical commentary
A stock is moving within an upward price bracket from the bottom of last October, and the price settles empty at the lower border of the channel near the support levels 36.30-36.90, so that the stock is expected to reach its targets at the levels of 39.95 and then the levels of 41.10.
