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Pivot point: (12.60).
Preferred scenario: Entering long positions above $12.60, with $14.33 as an initial price target.
Comment:
The stock is moving above an ascending trend line that started since March 2020, so it is most likely to bounce to target the next resistance level of $14.33. In the event of a decline below 12.00, the previous scenario will be canceled and it is recommended in this case to open short positions to target the next support level of $9.55.
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