Current price: 137.80
Key point: 133.58
Our preferred direction: long positions above the level of $133.58, targeting $150.00, followed by $160.00.
Alternative scenario: stop loss and change direction by breaking the $130.42 level, targeting $115.13 levels.
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The stock is breaching the important resistance level of $133.58, therefore we recommend opening long positions to target the important resistance level of $150.00, followed by $160.00. This scenario is supported by the Ichimoku and RSI indicators, but in the event of a decline below the important support level of $130.42, the previous analysis is canceled and the first support in this case becomes $115.13
