I like the fact that it's off the 150(?)EMA, some serious flip zone and encompasses the preceding consolidation with a higher close. What probably subtracts momentum is the steep downmove and the fact that it did not or closed only slighthly above the BRN and still has some PPZ to fight right above. If it breaks, we've got some nice potential support and the FTA would be the first orange line on my chart. The FTA equals some serious resistance, so this would probably be an area where I would take 1/2 profit and let the other 1/2 in the trade. Would also depend on how the chart looks like to the left. If it's off a 61.8% for example I would be keen to catch a runner.
Thanks J16, Sam Seiden, Udine and Jacko