Current price: 5.69
Key point: 5.55
Our preferred direction: long positions above the $5.55 level, targeting $7.00, followed by $7.50.
Alternative scenario: stop loss and change direction by breaking the $5.00 level, targeting $4.00 levels.
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The stock breached the main resistance level of $5.55, therefore, in case of closing above this level, we recommend opening long positions to target the next resistance level of $7.00, followed by $7.50. In the event of a decline below the important support level of $5.00, the previous analysis will be cancelled, and the first support in this case will become $4.00.
