just assuming stock is near 52 weeks high that too is a new high now stock moving in uprising parallel channel with previous swing support and resistance
just entering at CMP/near stop-loss minimizes loss when we convict a move this system is used by short-term call providers of the various institution. along with this when the result is assumed to be good rather than excepted we can get an early entry.
early entry - cmp/142 stop loss - when trendline break or closing candle below 138 target - 168 - 178 - all new high