Glaukos Corporation
Largo

GKOS: The Round Bottom Retest

31
Story:

📊 The Pattern
GKOS spent over a year carving out a round bottom from the ~$73 low, breaking above the $162 neckline on increased volume, then pulling back to retest that same neckline before bouncing.

⚡ The Confirmation
Volume stepped up on the breakout, and the retest held — the pullback found buyers at the neckline instead of slipping back into the base.

🎯 Levels to Watch
🟢 Thesis intact above: $159 (weekly close)
🔵 Target 1: $191 (recent high)
🔵 Target 2: $210
🔵 Target 3: $230
🏁 Measured target: $249

🧠 The Read: A round bottom breakout that comes back to retest the neckline and holds is a healthier entry than chasing the initial breakout candle. With volume confirming and the neckline holding, the path toward the measured target stays open in stepped fashion — scaling out at each level rather than expecting a straight run.

Chart study, not financial advice.

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