Current price: 34.73
Key point: 34.26
Our preferred direction: long positions above $34.26, targeting $38.00, followed by $40.00.
Alternative scenario: stop loss and change direction by breaking the $32.00 level, targeting $30.00 levels.
comment
The stock is breaching the important resistance level of $34.26, therefore we recommend opening long positions to target the important resistance level of $38.00, followed by $40.00. This scenario is supported by both the Ichimoku and RSI indicators, but in the event of a decline below the important support level of $32.00, the previous analysis will be canceled and the first support in this case will become $30.00
