Raymonds Trade setup

Hi friends,
                    Raymond suggests a nice trade setup,The fall was a nice
consolidated abc structure.
Lets see the chart.

From the chart we can see that
the stock had a sharp fall from
315 to 255 and after that
it retraced 61.8% of the fall
and again consolidated and now
again ready to rise back after
making a nice consolidated
abc right now resisting at the
breakout trendline,Once it
breaks out it can shoot towards
300+.

Lets see the stock how it performs,This trade setup fails if stock goes below 265.

Regards
Risk