BLMN Long to $19ish. Low risk entry.

BLMN looks like its about to bounce off of long term support at $17 that's reinforced by both long term and shorter term trends. It looks as if the recent catalyst for this selloff was earnings but I doubt it breaks below the $17 level. My bet says it bounces around in this area a bit before running up again to the last big resistance level around $19 by the end of the year. Last candle on the daily chart was a possible reversal hammer so I'd wait for confirmation of reversal before entry, but then set a stop loss at $17 and enjoy the ride! Seems like a very low risk entry here.