1- Heavy sell-off in April 2- Price has closed above Monthly pivot and maintained 3- Tight flag formation on Daily above the pivot with multiple inside bars 4- New CEO as of 5/13 which gives some needed positive change 5- Price hit close to S1 Monthly level and has pushed up. R1 would be the immediate target.
$3.22 is the 50% pullback from last month's move down. With a nice Daily flag forming just below it, a strong move up could easily take out this area for target $3.65.
Next targets beyond would be $3.85-$4.10.
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Nice break, retest back to 3.10 and looking to close higher on the day.