Weekly Range Breakout

The stock has been trading in the range for the past 19 weeks with low volume.

Before the range breakout, we can see volume again building up & the stock formed a weekly bullish engulfing candle with above-average volume.

Stock Brokeout of range with the highest volume in prior 19 weeks.

(Stop Loss) Point of High Confluence Weekly 10MA & 40 MA are perfectly aligned with the weekly low of the current candle giving a low-risk entry.