SAIL - bullish trade

Technical analysis -
1. Stock and complete sector was in a long term down trend, Metals are cyclic.

2. Stock was making continuous lower low and lower high.

3. First time stock made a higher high after 11 years.

4. Stock recently made a bullish flag and pennant pattern.

4. Technically all is well until stock closes below 100, which is the last swing high

Trade set up -

1. Short term -
Go long,
for a target of 150 and 190,
Stop loss - closing below 126

2. Medium/Long term -
Go long,
for a target of 150 and 190,
Stop loss - closing below 100

* I have same targets for both trading setups, only difference is in Stop loss.
* I already purchased this stock yesterday being an aggressive investor.