Pivot point: (415.00).
Preferred scenario: Entering long positions above the $415.00 level, with $430.00 as the initial price target.
Alternative scenario: In case the price drops below the $410.00 level, you can enter into short deals with $395.00 as an initial price target.
Comment:
The stock is moving in an ascending price channel that started in June 2021, and the stock is rebounding from the rising trend line around the important support level of $415.00, so we recommend opening long positions to target the next resistance level of $430.00. In the event of a decline below the $410.00 support level, the previous scenario will be canceled and it is advised in this case to open short positions to target the next support level $395.00.
