looks like a stock with a healthy uptrend. Dont know anything about the company but the pull back looks textbook with an impulsive move up followed by descending compression into support. Think that the probabilities are good that we rebound from this zone. (This specific level is nice because it has a lot of confluence with it being below many swing lows--> AKA stop losses, also it's met with an untested first touch level and a measure move from the first pull back from the highs.)