Current price: 4.60
Key point: 3.75
Our preferred direction: long positions above the $3.75 level, targeting $5.20, followed by $5.88.
Alternative scenario: stop loss and change direction by breaking the $3.50 level, targeting $2.50 levels.
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The stock breached the key resistance level of $3.75, so in case of closing above this level, we recommend opening long positions to target the next resistance level of $5.20, followed by $5.88. In the event of a decline below the important support level of $3.50, the previous analysis will be cancelled, and the first support in this case will become $2.50.
