REX - Is the Pullback Over?

REX has stopped its fall and has decisively bounced off the 200SMA and it seems that the pullback is over and price is likely to move up. MACD has given a bullish cross which is also a bullish sign and a confluence. I am expecting the upswing to continue higher. My trade plan is as follows:

TP - $1.880 (potential 17% gain)
Stoploss - $1.420

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.