On the daily chart stock gave breakout of Inverse Head and Shoulder pattern with volume. Stock is trading above the parabolic Sar and even the directional oscillators trading positive. Going forward we can see good upside momentum in the stock and stock can test 266-273 levels (19%-23% upside). Downside level of 204 (8%)is going to play a strong support for the stock.
Comment:
Stock already up 7% from initiation, one can still hold for mentioned upside levels.