After the previous rally, we are currently forming a or a , depending on how you look at it. This if we break above it, may lead us into the $275 target.
There is a possibility that the resistance cloud may continue to hold us down and could push us down a little farther in the next day or so. This isn't necessarily a bad thing, as it re-enforces the potential to see +50% growth from breaking above a point slightly below were we are now.
Buy at $197
Sell at targets:
First $247 (+25%)
Second $259 (+31%)
Third $275 (+37%)
Stop-Loss: $181 (-9%)
Risk vs Reward: -9% vs +37% or ratio of 4.11:1