In this chart, the breakout and retest concept is clearly visible where price moves above a long-standing horizontal resistance/trendline after a consolidation phase, confirming a breakout. Once the breakout happens, the price briefly pulls back toward the same level, which now acts as support instead of resistance, showing a change in market sentiment. This retest is important because it confirms that buyers are defending the breakout zone, reducing the chances of a false breakout. After successfully holding above this support, the stock resumes its upward move with stronger momentum, indicating a healthy bullish continuation and higher probability of further upside.