Current price: 73.50
Key point: 68.00
Our preferred direction: long positions above the $68.00 level, targeting $77.20, followed by $84.69.
Alternative scenario: stop loss and change direction by breaking the $67.00 level, targeting $60.00 levels.
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The stock breached the upper limit of the symmetrical triangle pattern around the $68.00 level, therefore we recommend opening long positions to target the next resistance level of $77.20, followed by $84.69. In the event of a decline below the important support level of $67.00, the previous analysis will be canceled and the first target in this case will be $60.00.
