The share is meeting an important level. We suggest caution because this point could stop the bullish trend.
The fundamentals remain very fragile. The security seems highly overvalued compared to other securities in its sector.
Graphically, the share is in a period of technical rebound that allowed it to reach the USD 29.8 short-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rallying of the USD 28.3 support area will be considered for upcoming sessions.
The upside seems limited as shown by fundamentals and technical configuration. In contact with the USD 29.8 resistance, a movement of consolidation could return the stock towards the USD 28.3 support. As a result, the most aggressive investors could take a short at the current price, but they need to set a stop loss above this resistance, because the crossing of this level would invalidate our scenario.
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