ALNY getting near support level

$120 has been a solid support level for some time now. I'm hoping to buy at $121 and ride it up when it bounces.
My stop loss will be pretty tight at around $118.
I think my target will be $132.
RSI is also about to hit oversold levels.

The only thing that worries me is that the whole chart has made a head and shoulders pattern. Also, the market has not been happy these past few days.

Trade active:

I got entered into my trade at $122.
Today they won some kind of award for biotechnology.
finance.yahoo.com/ne...alien-110000616.html

RSI is really low. I'm hoping for it to bounce soon

Comment:

It's looking good so far. I'll set a small target at $132

Comment:

I was not expecting such a huge gap up. I sold some at $137.
I have 1/3 of my position left. I'll put in a sell order at $140 to sell the rest of my position.

Trade closed: target reached:

Well that was fast. I'm out of ALNY for a total gain of about 10%
I'm going to keep an eye on it to see if it retraces. I might get back in