Current price: 15.76
Key point: 14.00
Our preferred direction: long positions above the $14.00 level, targeting $18.00, followed by $20.00.
Alternative scenario: stop loss and change direction by breaking the $13.90 level, targeting $10.00 levels.
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The stock is rebounding from the important support level of $14.00, therefore, we recommend opening long positions to target the next resistance level of $18.00, followed by the $20.00 level, and as it is clear the positivity on the RSI and Ichimoku indicators, which supports the previous scenario. In the event of a decline below the level of 13.90, the previous analysis will be cancelled, and the first support in this case will become $10.00.
