Pivot Point: (8.80).
Favorite scenario: Entering long positions above 8.80, with $9.90 as an initial price target.
Alternative scenario: In case the price drops below the $8.60 level, you can enter into short positions with $8.00 as an initial price target.
Comment:
The stock is breaching the 100-day average to the upside around the 8.80 level, so we recommend opening long positions to target the next resistance level 9.90. But in the event of a decline below the important support level 8.60, it cancels the previous scenario and is advised in this case to open short deals to target the next support level of $8.00.
