Current price: 1.63
Key point: 1.40
Our preferred direction: long positions above $1.40, targeting $1.80, followed by $2.00.
Alternative scenario: stop loss and change direction by breaking $1.39, targeting $1.00.
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The stock breached the important resistance level of $1.40, therefore we recommend opening buy deals to target the important resistance level of $1.80, followed by $2.00. This scenario is supported by the Ichomoku indicators and the relative strength RSI. In the event of a decline below the important support level at $1.39, the previous analysis is canceled and the first support in this case becomes $1.00.
