Chart study: BRL

Recall previous posts where BRL was bought and sold. On July 1st, in the end of Q2 recap it was mentioned that BRL was again bought at support (former resistance) @ 50. Here is the latest chart of BRL and the short term target. My intention is to sell at the noted target of 53, but that is not set in stone. Again, no recommendation here, just a look at what is hopefully efficient trading of a stock while it presents some opportunity. We are not looking for a home run here. Just a trade in a defensive sector.