The stock recently experienced a robust weekly breakout after a two-year period. Additionally, it presented a cup and handle pattern breakout, with consolidation at the resistance zone before the breakout. Considering the stock's longstanding uptrend, the cup pattern breakout can be viewed as a continuation of the bullish run.
This combination of a strong weekly breakout, cup and handle pattern breakout, and consolidation at the resistance zone enhances the overall bullish narrative.
This combination of a strong weekly breakout, cup and handle pattern breakout, and consolidation at the resistance zone enhances the overall bullish narrative.