Current price: 4.07
Key point: 3.77
Our preferred direction: long positions above the $3.77 level, targeting $4.50, followed by $5.00.
Alternative scenario: stop loss and change direction by breaking $3.50, targeting $2.50.
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The stock breached the important resistance level at $3.77, with support from both the RSI and Ichomoku indicators. Therefore, we recommend opening buy deals to target the next resistance level at $4.50, followed by $5.00. In the event of a decline below the important support level of $3.50, the previous analysis will be canceled and the first support in this case will be $2.50.
