Current price: 2.59
Key point: 2.34
Our preferred direction: buying positions above the $2.34 level, targeting $3.50, followed by $4.00.
Alternative scenario: stop loss and change direction by breaking $2.00, targeting $1.50.
comment
The stock breached the important resistance level at $2.34, with support from both the RSI and Ichomoku indicators. Therefore, we recommend opening buying deals to target the next resistance level at $3.50, followed by $4.00. In the event of a decline below the important support level of $2.00, the previous analysis will be canceled and the first support in this case will be $1.50.
