My quant model predicts
Profitability: it has a high probability(62%) to rebound at this level.
Entry Level: 163.03
Worst Case Level: $183.5
Money Management: Bet no more than 15% of capital
Suggested Strategy: Short stock for 5 Days
Price has strongly broken above 1.71500 and has currently held very well. We can also see a bullish continuation pattern off the price level of 1.71500.
I will be look for a target of 1.75000 for the up coming week , if we manage to sustain above 1.72000.
We have also had a fairly good bullish close to the day on 20/01/2017 which adds to the long bias. Trying...
The Entry here is not final put quite good for the start - it's based on the oversold Momentumpeak (2nd panel) and old S/R on the Daily chart which gives a semi good Entry based on S/R Horizontal Levels
The Goal is basically 2h Resistance of this Breakdown