The monthly chart of SAVA highlights the critical importance of the $11.50 level for this stock. From 2014 to 2016, this level acted as a solid support. However, once it was broken, it turned into a formidable resistance from 2017 until late 2020. In 2021, the stock decisively broke through this level on heavy volume, leading to a significant price surge. Now, SAVA has returned to the $11.50 mark, and it will be fascinating to observe whether buyers will defend this level or if the recent negative news will cause it to break once again. This $11.50 level remains a crucial reference point, and its defense or breach will likely dictate future price movements.
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