Since October 17, the stock has been virtually stagnant. It is moving sideways with low volatility. On the upside, it is capped by the EMA 200 and the previous high at 97.57, while on the downside, it is capped by the EMA 20 and the rising trend line, starting from the August low.
Our main scenario envisions a breakout on the upside. This would materialize with a rise above $98. If this is sustainable, the target price would be $108.
On the downside, the secondary scenario is triggered as soon as the stock falls below $95. Price losses down to the $80 range could follow.
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