165.9 is our pivot point.
Our preference
The upside prevails as long as 165.9 is support.
Alternative scenario
The downside breakout of 165.9 would call for 156 and 149.9.
Comment
The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 166.892 and 156.9082).
Supports and resistances
206.4 **
200.4 *
194.2 **
188.3
176.06 (USD-last)
169.7
165.9 **
156 *
149.9 **
Number of asterisks represents the strength of support and resistance levels.