$STX approaching support

There are signs of trend reversal. Price had a bullish breakout from Channel Down pattern and reached our target of $2.00 for +30% gain. That $2.00 horizontal resistance also lines up with a 200-day moving average (~$2.10), which makes for a stiff resistance area. Price also got a bit overbought (RSI ~ 70).

Now we look for the right entry opportunity. We wait for price to either 1) break above $2.10 to signal resumption of Uptrend, with +23% upside potential to $2.50 next, or 2) pull back near $1.50 support for another swing trade entry with upside potential back to $2.00. Stop Loss at $1.26.