Current price: 3.29
Key point: 3.00
Our preferred direction: long positions above the $3.00 level, targeting $3.60, followed by $3.80.
Alternative scenario: stop loss and change direction by breaking $2.99, targeting $2.40.
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The stock breached the important resistance level at $3.00, with support from both the RSI and Ichomoku indicators. Therefore, we recommend opening buying deals to target the next resistance level at $3.60, followed by $3.80. In the event of a decline below the important support level of $2.99, the previous analysis will be canceled and the first support in this case will be $2.40.
