Current price: 30.11
Key point: 29.36
Our preferred direction: buying positions above the $29.35 level, targeting $34.00, followed by $38.00.
Alternative scenario: stop loss and change direction by breaking $28.10, targeting $24.00.
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The stock breached the important resistance level at $29.35, therefore we recommend opening buy deals to target the important resistance level at $34.00, followed by $38.00. 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 $28.10, the previous analysis is canceled and the first support in this case becomes $24.00.
