Support/Resistance:
Double top may be forming and there is a chance that the price will drop to the uptrend support line at $14.00. Major support is at $12.50 and Major resistance is at $15.80.
Indicators:
Looking at the RSI and Stochastic, these two indicators have gone up. However MACD is unchanged. It is not a good buying or selling opportunity.
My Target Price:
Target buy price will be at $14.00.
Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
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