Current price: 2.65
Key point: 2.44
Our preferred direction: long positions above the $2.44 level, targeting $3.50, followed by $4.00.
Alternative scenario: stop loss and change direction by breaking $2.00, targeting $1.50.
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The stock breached the important resistance level of $2.44, therefore we recommend opening buy deals to target the important resistance level of $3.50, followed by $4.00. This scenario is supported by the Ichomoku indicators and the relative strength RSI. In the event of a decline below the important support level of $2.00, the previous analysis is canceled and the first support in this case becomes $1.50.
