OLAELEC | TIME FOR A REVERSAL?

DISCLAIMER: This is NOT a trade recommendation, but my observation. Please do your own analysis before entering any trade.

A potential reversal setup can be seen to be forming in olaelec.
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Points to consider:
1. 45 level is a level offering strong rejections of sellers.
2. Good buying seen in the 45-50 range.
3. A HH-HL formation before a breakout attempt of the neckline.
4. A reverse Head & Shoulders pattern can be seen

Keeping these points in mind, a trade can be executed as follows:
Entry CMP, SL 50, Exit 61.5, RR 2.8

Thank you