Current price: 2.87
Key point: 2.50
Our preferred direction: long positions above the $2.50 level, targeting $3.50, followed by $4.16.
Alternative scenario: stop loss and change direction by breaking $2.48, targeting $2.00 levels.
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The stock is breaching the key resistance level of $2.50, therefore we recommend opening long positions to target $3.50, followed by $4.16. This scenario is supported by positive signs on both the RSI and Ichimoku indicators, but in the event of a decline below the $2.48 level, the previous analysis will be canceled and the first support in this case will be $2.00.
