Swing trade - daily charts (Trading in channel)

PGHH is trading in a channel that is marked in the above chart. At this moment, the stock is at a very crucial level i.e. trading at the lower end of the channel. We have multiple reasons to go long here:
1. Currently taking support at 100 MA.
2. In an uptrend and trading in the marked channel.

I think if we see a green candle here, it's a great opportunity to go Long with a nice risk-reward of 1:2. Targets can be achieved within the next few weeks only considering the past performance.

Trade active:

Nearing stop loss. Keep the strict SL at 12710