A double bottom followed by a Bullish Gartley with a possible harmonic move of the AX leg. Great chance it will hit .38 retracement at 1.22082 , and even head north to 1.22363 as a possible target 2.
Lets see if it will break off resistant at 1.21852
Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram....
The Technical indicater such as MACD, Stoch and RSI are loosing momentum. We had a double bottom, but now, it appears that we are on the eve of a double top. If this is confirmed, then, we may see a move with first stall point at resistance 9750 and around, then a move downward to 9490 and 9100 may be 89XX.
Just an idea and a scenario we should think about.