The stock recently broke out of a cup pattern, and what makes this breakout noteworthy is that it occurred after 8 years. Additionally, there was a multi-year breakout, and during the formation of the cup pattern, there was good volume accumulation.
This combination of a cup pattern breakout after a long consolidation period of 8 years, along with multi-year breakout and volume accumulation, suggests a strong and well-supported bullish move.
This combination of a cup pattern breakout after a long consolidation period of 8 years, along with multi-year breakout and volume accumulation, suggests a strong and well-supported bullish move.