Current price: 14.40
Key point: 13.75
Our preferred direction: long positions above the $13.75 level, targeting $16.20, followed by $19.20.
Alternative scenario: stop loss and change direction by breaking the $13.50 level, targeting $11.00 levels.
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The stock is based on the main support level of $13.75, therefore we recommend opening long positions to target the next resistance level of $16.20, followed by the $19.20 level. This scenario is supported by positive signs on both the RSI and the Ichimoku, but in the event of a decline below the $13.50 level, the previous scenario will be canceled and the first support in this case will be $11.00.
