Current price: 10.21
Key Point: 9.55
Our preferred direction: long positions above the level of 9.55 dollars, targeting the levels of 11.00 dollars, followed by 12.00 dollars.
Alternative scenario: stop loss and change direction by breaking the $9.40 level, targeting $8.00 levels.
Comment
The stock has breached the descending price channel that started in March 2022, around the level of $9.55, therefore we recommend opening long positions to target the next resistance level of $11.00 followed by $12.00. In the event of a decline below the level of $ 9.40. In the event of a decline below the 9.40 level, the previous analysis will be canceled and the first support in this case will become $8.00.
