Smaller name pharma stock. Definitely has the potential to be explosive. It appears we just break out of a triangle on major volume, finding support right now on top of the broken resistance. Super good R:R to long here and stop loss below the trend line. Initial target region is shown in the box. We're also sitting between the 0.618 and 0.764 log-fib retracements at the moment.
Yesterday closed on massive buy volume just before market close. If today closes green, this would indicate absorption volume, which would further signify a reversal near this trend line.