Current price: 37.10
Key point: 36.00
Our preferred direction: long positions above the $36.00 level, targeting $44.00, followed by $48.00.
Alternative scenario: stop loss and change direction by breaking $34.75, targeting $28.48.
comment
The stock breached the main resistance level of $36.00 with good trading volumes, therefore we recommend opening buy deals to target the next resistance level of $44.00, followed by $48.00. As for the decline below the main support level of $34.75, the previous analysis is canceled and the first support in this case becomes $28.48.
