it's a time for RRX (Recro Pharma)?

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Current trend: The recent sharp price increase (around 5.25 USD) with strong volume support indicates robust demand. The upward arrow on the chart suggests a continuation of this movement.
Resistance level: The nearest resistance is in the 6.50-7.00 USD range, where the price previously faced challenges. Breaking this level with high volume could pave the way to 7.50 USD.
Moving averages: If the blue line (likely the 50-day moving average) holds as support and the yellow trend line remains upward, a bullish scenario is plausible.
Technical indicators: Assuming RSI does not yet indicate overbought conditions (further oscillator analysis is needed), momentum could support an upward move.
Target of 7.50 USD: The 7.50 USD level is a realistic short-term target, approximately 42% above the current price, assuming positive market sentiment persists.

Potential Target 7.50 USD

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