WOCKPHARMAWOCKPHARMA - After making a recent low near 1086, the stock has shown a strong change in character by forming a clear Higher High - Higher Low structure.
Price then broke above the long-term resistance around 1866, confirming bullish momentum.
Instead of continuing vertically, the stock did something I like to see, it pulled back immediately after the breakout, filled the nearby gap around 1788, and found support above the 50 EMA.
This kind of pullback often helps shake out weak hands while allowing the trend to reset.
Now the stock is once again trading near the breakout zone.
A breakout with strong volume from here could open the door for the next leg of the uptrend.
What I'm watching:
HH-HL structure remains intact.
Price holding above the 50 EMA.
Breakout zone being respected as support.
Looking for volume confirmation before any fresh move.
Keep it on your watchlist.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
