Pivot point: (0.665).
Favorite scenario: Entering long positions above $0.665, with $0.800 as an initial price target.
Alternative scenario: In the event the price drops below the $0.610 level, short positions can be entered with $0.540 as an initial price target.
Comment:
The stock is breaching the important resistance level of $0.665, therefore we recommend opening long positions to target the important resistance level of $0.800. In the event of a decline below the important support level of $0.610, the previous scenario is canceled and it is recommended in this case to open short deals to target the next support level of $0.540.
