The stock is defying strength. We expect a direct rise to USD 100. However, round numbers tend to act as (psychological) resistance. Therefore, our main scenario here envisages a consolidation. This could well take the price to USD 85. This would not be bearish at all, but rather a healthy recovery, after which the price would break out to new highs again.
Below USD 85, the consolidation would probably extend into the USD 72 range.
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