Current price: 5.98
Key point: 5.95
Our preferred direction: long positions above the $5.95 level, targeting $8.00, followed by $12.00.
Alternative scenario: stop loss and change direction by breaking the $3.91 level, targeting $1.07 levels.
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The stock broke the important resistance level of $5.95, so it is likely to see a rise to target the next resistance level of $8.00 followed by $12.00. In the event of a decline below the $3.91 level, the previous analysis will be cancelled, and the first support in this case will be $1.07.
