Pivot point: (2.50).
The preferred scenario: entering long positions above the $2.50 level, with $3.00 as an initial price target.
Alternative scenario: If the price drops below the $2.45 level, you can enter into short deals with $1.96 as an initial price target.
Comment:
The stock is breaching the 20-day moving average around the 2.50 level, so we recommend opening long positions to target the next resistance level of $3.00, while the decline below the $2.45 level cancels the previous scenario and it is recommended in this case to open short positions to target the next support level of $1.96.
