Also, there is a strong daily level exactly where the stock price is trading right now.
One might find a reverse pattern forming, with a current expected move down creating the right shoulder.
The target is a strong horizontal level.
Don't forget to hedge with long weekly calls when leaving position overnight to eliminate the gap up risk. Don't hold the options during daytime. Or just have your stop loss in form of options, if the price is right. This is more that a one week trade however, so monthly options as the most suitable.
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