There is a small, but evident ascending channel forming on this chart. If it breaks out to the upside that would be bullish. I would target long term, a measured move of the triangle height. Shorter term I would scale out at the resistances of 229 and 234. If, and only if, it breaks the resistance with volume. Not financial advice.
Trade closed: stop reached:
Failed Trade. Dropped below the support line.
Comment:
Looks like this was a fakeout to the downside.