TFCI Has Broken Resistance And Momentum Is Expanding Fast
The stock has finally cleared the 147–148 resistance zone that rejected price multiple times. What makes this breakout stronger is the structure built underneath it. Every major dip has been defended around the rising trendline and buyers kept forming higher lows while price repeatedly attacked the same resistance. The latest correction again found buyers near 137–138 and instead of slowly recovering the stock exploded straight through 148. This is a clear sign that supply sitting around the previous highs has finally been absorbed.
Price is already holding around 152–153 after the breakout and RSI above 75 shows just how aggressively momentum has expanded. The important thing now is for 147–148 to remain below price and start acting as support. If that happens this breakout can attract another round of momentum buying while traders expecting the same old rejection get trapped. Above this structure there is room for price to expand towards 156–160 and potentially higher. The consolidation is over and TFCI now looks ready for the next leg of its rally.
Price is already holding around 152–153 after the breakout and RSI above 75 shows just how aggressively momentum has expanded. The important thing now is for 147–148 to remain below price and start acting as support. If that happens this breakout can attract another round of momentum buying while traders expecting the same old rejection get trapped. Above this structure there is room for price to expand towards 156–160 and potentially higher. The consolidation is over and TFCI now looks ready for the next leg of its rally.
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