Notice the momentum shifting to the upside with 4h Highs to takeout. 1h showing strength flagging post market, may be a good breath before price exhales at open tomorrow.
So the retest of the support at neckline was the ideal entry point. I think now its the way up from here. It should not retest that neckline again, else this idea will be invalidated.
Inverse H&S pattern developed here. The price might shoot up another 30% from here. The same pattern can be observed on several other stocks.
Of course if price falls below 166, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at least and this target...
