Current price: 4.13
Key point: 3.77
Our preferred direction: long positions above the $3.77 level, targeting $4.50, followed by $5.00.
Alternative scenario: stop loss and change direction by breaking the $3.50 level, targeting $3.00 levels.
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The stock is breaching the important resistance level of $3.77, therefore we recommend opening long positions to target the important resistance level of $4.50, followed by $5.00. This scenario is supported by the Ichimoku and RSI indicators, but in the event of a decline below the important $3.50 support level, the previous analysis will be canceled and the first support in this case will be $3.00
