Technical Analysis
Supports: The current price is approaching the intraday low of $9.35. If it breaks this level, it could fall to the support zone at $8.60.
Resistances: The short-term resistance is at $9.76; if surpassed, it could reach the psychological level of $10.00.
Moving Averages: The 50-day moving average is around $8.95 and the 200-day moving average is at $6.58, both showing an upward trend, indicating bullish signals in the medium and long term.
Profit-taking and stop loss recommendations
Profit-taking: It is recommended to set the profit-taking target near the previous high at $12.75; if surpassed, consider progressively increasing the target.
Stop loss: It is advisable to place the stop loss near $8.28 to limit potential losses.
Supports: The current price is approaching the intraday low of $9.35. If it breaks this level, it could fall to the support zone at $8.60.
Resistances: The short-term resistance is at $9.76; if surpassed, it could reach the psychological level of $10.00.
Moving Averages: The 50-day moving average is around $8.95 and the 200-day moving average is at $6.58, both showing an upward trend, indicating bullish signals in the medium and long term.
Profit-taking and stop loss recommendations
Profit-taking: It is recommended to set the profit-taking target near the previous high at $12.75; if surpassed, consider progressively increasing the target.
Stop loss: It is advisable to place the stop loss near $8.28 to limit potential losses.