Current price: 162.85
Key point: 160.00
Our preferred direction: long positions above the $160.00 level, targeting $175.00, followed by $185.00.
Alternative scenario: stop loss and change direction by breaking the $155.00 level, targeting $150.00 levels.
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The stock rebounded from the main support level of $160.00, so we recommend opening long positions to target the next resistance level of $175.00, followed by $185.00. This scenario favors the installation of Elliott waves in the current period, in addition to the positive signal on the RSI. In the event of a decline below the level of $155.00, the previous analysis will be cancelled, and the first call will be $150.00 in this case.
