Current price: 6.18
Key point: 5.76
Our preferred direction: long positions above the $5.76 level, targeting $6.50, followed by $7.50.
Alternative scenario: stop loss and change direction by breaking the $5.70 level, targeting $5.00 levels.
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The stock breached the important resistance level of $5.76, therefore we recommend opening long positions to target the important resistance level of $6.50, followed by $7.50. This scenario is supported by both the Ichimoku and the MACD indicators, but in the event of a decline below the important support level of $5.70, the previous analysis will be canceled and the first support in this case will become $5.00