Current price: 27.64
Key point: 26.67
Our preferred direction: long positions above the $26.67 level, targeting $30.00, followed by $32.00.
Alternative scenario: stop loss and change direction by breaking the $26.00 level, targeting $24.00 levels.
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The stock is moving in an ascending price channel that started since March 2022, and it breaches the important resistance level of $26.67, therefore we recommend opening long positions to target the next resistance level of $30.00, followed by $32.00. In the event of a decline below the $24.00 level, the previous analysis will be cancelled, and the first support in this case will be $24.00.
