$CON is Potential A Setup

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CON looks close: I’d grade the visible technical setup A−, with a decent consolidation, but the breakout is not confirmed yet.

Check list
Strong trend? Yes.
The weekly trend is strong, and the daily price is above rising 20-, 50-, and 200-day averages.

Good consolidation (pre-requisite before breakout in A+ setup)? Constructive. Several weeks of consolidation around roughly $33–35 preceded the latest push toward new highs. The final tightening could be clearer.

Extended? Moderately: approximately 3.3% above the daily 20-day average ($34.63) and 8.2% above the 50-day ($33.08) at $35.78.

Volume confirmation? Yesterday’s 1.09M was about 55% above the 10-day average, but only 16% above the 90-day average. Encouraging, rather than overwhelming.

Entry trigger now? Still pending. Price is consolidating beneath yesterday’s $36.05 high.

The main breakout level is $36.05.

The earlier $35.85 level is today’s intraday high. Clearing it would show improving momentum, but $36.05 is the more meaningful daily-chart hurdle.

For an early entry, I’d look for a completed 15-minute candle above $36.05, closing strongly on increased volume, followed by price holding above that level. A single one-minute spike would offer much weaker evidence. Expanding volume strengthens a resistance breakout

Aviso legal

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