Pivot point: (7.10).
Preferred scenario: Entering long positions above the $7.10 level, with $10.00 as an initial price target.
Alternative scenario: In the event the price drops below the level of 7.05 dollars, it is possible to enter into short deals with setting 5.50 dollars as an initial price target.
Comment:
The stock bounces from the main support level that works well as a major support level for prices since September 2020, and the positive view supports the RSI signal, so we recommend opening long positions to target the next resistance level of $ 10.00, and in the event of a decline below the main support level of $ 7.05 cancels The previous scenario is recommended in this case to open short positions to target the next support level of $5.50.
