Current price: 17.57
Key point: 16.26
Our preferred direction: buying positions above the $26.26 level, targeting $19.38, followed by $24.20.
Alternative scenario: stop loss and change direction by breaking $16.00, targeting $12.00.
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The stock breached the important resistance level at $26.26, with support from both the RSI and Ichomoku indicators. Therefore, we recommend opening buying deals to target the next resistance level at $19.38, followed by $24.20. In the event of a decline below the important support level of $16.00, the previous analysis will be canceled and the first support in this case will be $12.00.
