Current price: 33.51
Key point: 30.85
Our preferred direction: long positions above $30.85, targeting $38.00, followed by $40.00.
Alternative scenario: stop loss and change direction by breaking the $30.24 level, targeting $26.00 levels.
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The stock is breaching the important resistance level of $30.85, therefore we recommend opening long positions to target the important resistance level of $38.00, followed by $40.00. This scenario is supported by both the Ichimoku and the MACD indicators, but in the event of a decline below the important support level of $30.24, the previous analysis will be canceled and the first support in this case will become $26.00
