Current price: 16.53
Key point: 16.40
Our preferred direction: long positions above the $16.40 level, targeting $18.00, followed by $20.00.
Alternative scenario: stop loss and change direction by breaking the $15.70 level, targeting $14.50 levels.
comment
The stock broke the important resistance level of $16.40, so it is most likely to see a rise to target the next resistance level of $18.00 followed by $20.00. In the event of a decline below the $15.70 level, the previous analysis will be cancelled, and the first support in this case will be $14.50.
