IPO Base Breakout In Pasuptac - Keep In Radar

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✅ The stock has finally broken out of its long-term resistance near 54-55 which has acted as a significant ceiling since its IPO. This level marks the upper boundary of its trading range for the past two years and the breakout is a strong signal for further upward movement.

✅ The breakout is accompanied by a surge in volume indicating strong buying interest. The high volume lends credibility to the breakout reducing the likelihood of a false breakout.

✅The RSI is currently at 72 entering the overbought territory. While this signals strong bullish momentum, traders should be cautious of potential short-term consolidation before the stock continues its upward movement.

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