Z1P bounces off 200EMA

Z1P has bounced off the 200EMA and has had a controlled consolidation over the last 3 days. The MACD has crossed on the hourly, but i want to see the 20 and 43EMA's cross to confirm a reversal. Ive taken a position with a stop loss at 6.95.
I have also taken a position due to it coming to christmas and fundamentals say that people will start spending more.