Current price: 11.57
Key point: 11.00
Our preferred direction: long positions above $11.00, targeting $15.00, followed by $17.50.
Alternative scenario: stop loss and change direction by breaking the $10.00 level, targeting $7.50 levels.
Comment
The stock breached the descending trend line that started in January 2021, and breached the $11.00 level, therefore we recommend opening long positions to target the next resistance level of $15.00 followed by $17.50. In the event of a decline below the level of $ 10.00. It cancels the previous analysis and becomes the first support in this case $7.50.
