Current price: 4.21
Key point: 3.90
Our preferred direction: long positions above the $3.90 level, targeting $5.00, followed by $5.50.
Alternative scenario: stop loss and change direction by breaking $3.50, targeting $3.10.
comment
The stock breached the main resistance level of $3.90 with good trading volumes, therefore we recommend opening buy deals to target the next resistance level of $5.00, followed by $5.50. As for the decline below the main support level of $3.50, the previous analysis is canceled and the first support in this case becomes $3.10.
