I took half profit at 86c resistance and I'm now trying to...

I took half profit at 86c resistance and I'm now trying to determine the likelihood of a move higher to $1.10. It was looking good until we started forming a bearish engulfing candle at resistance on the weekly. February's highs were terminated by a bearish engulfing candle prior to plummeting to test the 50% ATR/ATH. The difference is this time it's forming on contracting volume as opposed to last time where volume was expanding, also, fundamentals are much better this time.

If we head down to fill the 62c gap this could pan out to be a really good trading stock, however, I think the likelihood of heading higher to fill the overhead gap and continue to hit $1.10 is greater, break-away gaps are often left open. $1.10 is my target and I think will provide pretty solid resistance. We just need to crack 92c then we should be off to the races, hopefully, we find support on the dotted green line on the daily chart.

If I were to assign a probability I would say 70% heading up 30% heading down.

All IMO