Looking at the chart given above the stock seems to have either completed or about to complete the inner wave four of its extended fifth wave. This last leg of the extended fifth can extend up to price level of 260 - 275 or can and move beyond the upper resistance line.
Any move below the price level of 227 would change the situation. So, it would be detrimental for the long position if price level 227 gets broken downside.
last trade price @241
The stock is up 2.30% trading @247.30, high until now @247.50.
Current price @269. High of @270.85
The stock may retest its intraday low of 258 over the next 2-3 session. and then may see further up move.
The stock made low of @256.40 and trading @257.25 until now today. One can go long in the stock for an upside move till @275-285, whereby the impulsive run may get completed with the completion of wave 5 of (5).