Current price: 171.17
Key point: 160.00
Our preferred direction: long positions above the $160.00 level, targeting $180.00, followed by $200.00.
Alternative scenario: stop loss and change direction by breaking the $150.00 level, targeting $130.00.
comment
The stock was able to breach the important resistance level of $160.00, therefore, we recommend opening long positions to target the next resistance level of $180.00, followed by $200.00. In the event of a decline below the important support level of $150.00, the previous analysis will be cancelled, and the first support in this case will be $130.00.
