I have attached the chart below and to me the pattern looks good, with consolidation happened over several months, followed by a breakout, and now further consolidation for 5-6 days now.
However, the red volume spikes are a bit of dampener. Usually they say price is more important than volume, but since volume picture is not comforting so is it better to wait for dip closer to previous resistance of 196 level.? That would be a lower risk entry.
The other option is to enter now with SL below 200 levels which is low of several days.
