Key point: 460.00
Our preferred direction: long positions above the $460.00 level, targeting $500.00, followed by $540.00.
Alternative scenario: stop loss and change direction by breaking the $455.00 level, targeting $420.00 levels.
Comment
The stock is moving above the ascending trend line that started since March 2021, and rebounding from the key support level of $460.00, therefore we recommend opening long positions to target the next resistance level of $500.00 followed by $540.00. In the event of a decline below the important support level of $455.00, the previous analysis will be canceled and the stock's first targets will be $420.00.
