The 6.50$ area is a significant resistance area. The horizontal price level is also corresponding with the 200MA and the 38 Fibonacci Retracement of the march low of 2020 and the last significant high. The trade will be entered when the price closes above the 200MA in combination with a high volume.
Strategy/Chart pattern: Bull flag
Entry: Closing price above 7.05$ in combination with a high volume
Stop: 6.24$
Target: 9.44$
Risk/Reward-Ratio: around 3:1
