Cupid

The stock formed a strong uptrend and decisively broke above the falling trendline, indicating a bullish trend reversal. After the breakout, the price successfully retested the trendline, which acted as a strong support zone. Buyers defended the breakout level, confirming the validity of the breakout and reducing the chances of a false move. Fresh buying momentum emerged after the retest, leading to a sharp continuation of the uptrend. The formation of higher highs and higher lows reflects sustained bullish strength and positive market sentiment. As long as the price remains above the breakout support, the primary trend is likely to stay positive with potential for further upside.