MAH.ASX Ascending Scallop and a Bounce Off The 200 Week MA

its pretty scraggly looking, but I'm certain that's an ascending inverted scallop. The bounce off the 200 week MA gives me confidence that this could be moving upwards and beginning a new trend. However before I get in on that trend I would lke to see a close or two on the weekly candle above the level of resistance I've got drawn in. That would then turn into a stop loss. Otherwise I think this will return back to the 200 MA; its already pushing pretty hard against those upper Bollinger bands. The purple dotted line is a rough guess as to where I believe the new trend line will be established.

It is important to keep in mind that MAH has been in a long down trend so this trade is only a 50/50. This may just be forming large consolidation zone instead.