The share is meeting an important level. We suggest caution because this point could stop the bullish trend.

This tradind strategy is mainly based on technical arguments.
Indeed, since latter peaks the stock lost some value and remains close to the USD 24.06 short-term resistance. In fact, the security is traded into a trading range which could provide a good predictability regarding the next tendency. Currently, the stock is in contact with the upward trading range limit and could return on its lower limit.

Due to the technical configuration, investors can open a short position close to the USD 24 resistance. The first price target is set at USD 23.18, which could provide a first reduction area and the rest of the position will be held in order to target the next objective at USD 22.5. A stop loss will be placed above the USD 24.25 resistance.