Posted this one earlier while it was still sitting in the base. Today it went.
Quick recap of the structure. Stock was in a Stage 4 decline under a falling trendline into August 2025. Broke out of that on a huge volume bar, then went into a base that lasted eight months, roughly August through April. Wide, choppy, plenty of shakeouts in both directions. That is where most people lose interest.
The breakout came in April and May. Price cleared the top of that eight month range and ran without giving much back. Every pullback held the rising short term average.
From July it built the second base, tight and controlled at the highs, right on top of the previous move.
Today it broke out of that base. Up 7.78%, closed at 795.90, near the day’s high, and volume expanded on the move. Clean resolution.
Eight months of nothing, then two breakouts in five months. That is how these work. The long base is not wasted time, it is the setup being built. You just have to be there when it resolves and let the structure tell you when.
Now it stays valid while it holds above the base it just left. If price closes back inside the July to September range, the breakout has failed and I am out.
Not a recommendation, just sharing what I am watching.