Current price: 7.68
Key point: 6.60
Our preferred direction: buying positions above the $6.60 level, targeting $11.50, followed by $13.95.
Alternative scenario: stop loss and change direction, by breaking $6.58, targeting $4.00.
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The stock breached the important resistance level at $6.60, therefore we recommend opening buy deals to target the next resistance level at $11.50, followed by the level of $19.95. This scenario is supported by the positive signs on both the RSI and the Ichomoku indicators. In the event of a decline below the level of $6.58, the previous analysis is cancelled, and the first support in this case becomes $4.00.
