After topping near 325 in 2022-2023, price went into a clear Stage 4 decline and corrected all the way towards the 110-120 zone. Since then, the stock has built a base between roughly 110 and 150, with multiple attempts to recover above the 150 area.
The 150 zone has now been reclaimed, and price is pressing into the next major resistance around 167-170.
THE BREAKOUT
This week price moved from around 152 to a high near 168, with weekly volume expanding to around 3.8M shares. That is above average and shows real participation.
The breakout is not fully confirmed yet because the weekly candle is still open. A weekly close above 170 would make this a cleaner Stage 2 confirmation.
CONFIRMATION CHECKLIST
Price above the rising 30-week SMA, approx 136
10-week SMA approx 144, also turning up
Mansfield RS above zero, stock is outperforming
Volume expansion visible on the breakout attempt
Price holding above the reclaimed 150 zone
TRADE PLAN
Bias: Long, but only qualified until weekly close confirms
Entry zone: 160-170
Preferred entry: pullback/retest near 150-155, or weekly close above 170
Stop: 149 for swing structure
Structural invalidation: weekly close below 135-136
Target 1: 225-230
Target 2: 255-260
Target 3: 280-285
RISK MANAGEMENT
This is not a clean fresh breakout yet. Price is already extended from the 30-week MA, so chasing aggressively near 170 carries pullback risk.
For me this is a QUALIFIED REVIEW, not a full-size entry yet. A weekly close above 170 with volume would improve the grade.
If price closes back below 150, the breakout attempt weakens and the stock goes back into base mode.
Not investment advice. Do your own work and size for the outcome where you are wrong
The 150 zone has now been reclaimed, and price is pressing into the next major resistance around 167-170.
THE BREAKOUT
This week price moved from around 152 to a high near 168, with weekly volume expanding to around 3.8M shares. That is above average and shows real participation.
The breakout is not fully confirmed yet because the weekly candle is still open. A weekly close above 170 would make this a cleaner Stage 2 confirmation.
CONFIRMATION CHECKLIST
Price above the rising 30-week SMA, approx 136
10-week SMA approx 144, also turning up
Mansfield RS above zero, stock is outperforming
Volume expansion visible on the breakout attempt
Price holding above the reclaimed 150 zone
TRADE PLAN
Bias: Long, but only qualified until weekly close confirms
Entry zone: 160-170
Preferred entry: pullback/retest near 150-155, or weekly close above 170
Stop: 149 for swing structure
Structural invalidation: weekly close below 135-136
Target 1: 225-230
Target 2: 255-260
Target 3: 280-285
RISK MANAGEMENT
This is not a clean fresh breakout yet. Price is already extended from the 30-week MA, so chasing aggressively near 170 carries pullback risk.
For me this is a QUALIFIED REVIEW, not a full-size entry yet. A weekly close above 170 with volume would improve the grade.
If price closes back below 150, the breakout attempt weakens and the stock goes back into base mode.
Not investment advice. Do your own work and size for the outcome where you are wrong
Dagangan aktif
booking 30% of my position in the stock. And moving trailing stop loss to 160 which is my buying price. 
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.