IPO Cup Base BreakoutThe stock has recently broken out of a consolidation base with strong upward momentum, retesting its listing day high before making a new high. This breakout is accompanied by a noticeable increase in volume, confirming significant buying interest and lending strength to the bullish move.
The chart highlights a tight consolidation phase over the past 10 weeks, forming a solid base for the breakout. Additionally, the stock is trading well above its EMA (Exponential Moving Average), signaling a sustained bullish trend. The EMA continues to act as a reliable support for the ongoing rally, reinforcing the positive outlook for the stock.
