208XX level was one of the most important level for this rebound, ratios tell everything.
In addition, geometric resistance of the trend line (in blue); classical pattern is found - double top.
These three elements confirm each other.
(mechanical stop@2% was hit today, started at the 18868 bottom)
- a break-away gap after a break-thru of consolidation area (contracting triangle/wedge, whatever)
- last time the stock showed the same combo of break-thru+break away gap was in Aug-Sep. 2014. This marked a beginning of the downtrend, see if it will do the same this time