RXP has gapped up, upthrusted and then shaken out. So to me the...

RXP has gapped up, upthrusted and then shaken out. So to me the last 3 bars are indicative of an absorption. Today's close being positive, above resistance and the highest closing bar of the previous 4 gives me confidence in this being a successful absorption process.  I now anticipate prices to go higher and have documented the following trade. Taken the volumes into account, a test bar may required. I don't expect a test bar would hit 86c triggering the order.