Current price: 12.77
Key point: 11.71
Our preferred direction: buying positions above the $11.71 level, targeting $15.00, followed by $16.00.
Alternative scenario: stop loss and change direction by breaking $11.65, targeting $10.00.
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The stock breached the important resistance level at $11.71, therefore we recommend opening buy deals to target the important resistance level at $15.00, followed by $16.00. This scenario is supported by the Ichomoku indicators and the relative strength RSI. In the event of a decline below the important support level of $11.65, the previous analysis is canceled and the first support in this case becomes $10.00.
