Comment: Thomas Bulkowski, the author of encyclopedia of chart patterns, said " This formation (head and shoulders) rarely disappoints and the rise is worth betting on". This sound is so encouraging, I will jump in here. :)
Comment: Engulfing bullish candlestick.
Trade closed: stop reached: Unfortunately, earning not as expected and fall in extended hour. At last minute I bought put option Aug. strike 16.5 @ 1.06. Head and shoulders pattern in failed.