Pivot point: (15.55).
Favorite scenario: Entering long positions above $15.55, with $18.00 as an initial price target.
Alternative scenario: In the event the price drops below the $14.60 level, short positions can be entered with $13.40 as an initial price target.
Comment:
The stock is breaching the important resistance level of $15.55, therefore we recommend opening long positions to target the next resistance level of $18.00. In the event of a decline below the important support level of $14.60, the previous scenario is canceled and it is recommended in this case to open short deals to target the next support level of $13.40.
