Pivot point: (13.77).
Preferred scenario: Entering long positions above 13.77, with $16.05 as an initial price target.
Alternative scenario: In the event the price drops below the $13.30 level, it is possible to enter into short deals with $12.45 as an initial price target.
Comment:
The stock broke the 20-week moving average around the $13.77 level, so we recommend opening long positions to target the next resistance level of $16.05. In the event of a decline below 13.30, it cancels the previous scenario, and in this case it is recommended to open short positions to target the next support level of $12.45.
