With regard to weekly level , a small inside breakout may not be good enough to take as a confirmation entry.
So my game plan will be:
1. pay attention to the intraday price movement to find an uptrend in smaller time frame and try to long.
2. create a long position with an out at 49.95, and a mid-term trade.
3. wait reversal sign like and here as confirmation entry.
Let's see how it goes and I'll update the trade here.