Current price: 3.16
Key point: 3.00
Our preferred direction: Buy positions above 3.00 levels, targeting 3.35 as the first target, then 3.55 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 3.00 level, targeting 2.55 levels
Technical commentary
Americana stock is moving in a downward direction on the daily frame from the peak of last September until the price penetrated the trend line forming a resistance level at 3.25. In the event that the stock penetrates this level and forms price behavior by forming a peak higher than a peak, then the stock will target levels of 3.35 and then levels of 3.55 with the presence of the harmonic pattern.
