Long term consolidation broken

May 6

The price has broken up a 7 years consolidation. Now is testing the broken resistance in the monthly timeframe. This is a highly reliable pattern. SL triggers only if a weekly candle CLOSES under the blue line breaking the uptrend since July 2025. It is a 60% upside, give it a couple of months.

May 12

Note

About to break out:

May 21

Note

Looks like a bullish flag, 11 weeks of consolidation. But the weekly candle has to close above the 8.80 support.

May 26

Note

I will add if the price closes above 9 today or tomorrow:

May 27

Note

Looks like it is going to close above 9. I just added.

Jun 6

Trade active

I don't like how the week closed but the whole market sold off. I'll wait one more week and see what happens. I expect a bounce from 8 support level:

Jun 14

Note

It bounced from 8 support. Still holding:

Jun 15

Note

It is breaking out in the daily timeframe:

Jun 17

Note

Text book:

Jun 22

Note

Of course this stupid market had to reject the price from this mini resistance at 9.30 like is a monthly supply zone. There is support at 8.20. It should bounce later today or tomorrow:

Jun 27

Note

I'm starting to hate this trade. It is taking too long, and the fake break out makes it even more frustrating. But the price structure stills solid making higher lows and sitting on an important demand zone. I'll just wait to see what happens the upcoming week. It will be a lot volatility in the markets. I'm not touching anything here.

4 days ago

Trade closed: stop reached

The algos are all over this stock. I will hold anyway but I know is going to take some time to recover. This market is doing weird things.