Pivot point: (22.80).
Preferred scenario: Entering long positions above $22.80, with $33.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of $22.00, you can enter into short deals with $13.98 as an initial price target.
Comment:
The stock is moving above an ascending trend line that started since July 2020, so it is most likely to bounce to target the next resistance level of $33.00. In the event of a decline below the level of 22.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $13.98.
