Reasons to go Long :
1. On a if we draw the tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A pattern, (marked with an orange circle) is formed at 0.618 Fibonacci level.
3. Also the stock is forming a chart pattern ( / W Pattern) around 0.618 Fibonacci level.
4. In addition to this there is a Trendline providing support to the stock (marked with green color). Our Target is placed just below the Trendline providing resistance to the stock (marked with red color).
5. If the stock gives a breakout then we can expect higher targets and the gap can also get filled.