Current price: 24.57
Key point: 23.00
Our preferred direction: long positions above the $23.00 level, targeting $26.00, followed by $30.00.
Alternative scenario: stop loss and change direction by breaking the $22.00 level, targeting $18.00 levels.
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The stock is breaching the major resistance level of $23.00, therefore we recommend opening long positions to target the next resistance level of $26.00 followed by $30.00. In the event of a decline below the level of $22.00, the previous analysis will be cancelled, and the first support in this case will become $18.00.
