OK, I am buying into this potential $275 bottom rejection set up. The bottom was on high volume and the daily candle of the low is a nice rejection with a long tail, so the pattern looks promising for a recovery back up to descending resistance which is currently around $400.
Allowing the trade to play out at this resistance area, volume following the low has been good, will need decent volume again to breakthrough the $400 area. Have set a trailing stop below ascending price movement and just below past 5 days $350 support. Not setting an exact exit yet trying to let the trade develop into a trend. Lets see.
