PRVL - Inverted H&S at 200dma taking place withing uptrend

Doubling down on PRVL at long last; technical picture is great as you can see from the upper daily chart: since shortly after the IPO, stock has been inside a nice 45° rising channel (had to use some intraday high\low along with some closes to draw this channel but this is absolutely fine in my book). In the lower chart you can better appreciate the recent price action and why today is a great time to open\increase a position, PROVIDED the stock can close strong. Conservative investors may want to wait to see if PRVL can close where it's trading now or higher, to confirm breakout above falling trendline and 50 dma. I personally have enough confidence in the techical picture to pull the trigger now.

Full disclosure: with today's purchase at the open, I'm now long PRVL at 0.9% of total assets. Very aggressive post-IPO biotech stock, with great potential but don't bet the farm!!!