Above on the left is a weekly chart of BEAT, and one thing immediately jumps off the page. Last week we closed above a nine-month trading range, and that breakout came on record volume. When a stock spends that much time consolidating and then finally resolves higher with volume, I pay attention. Volume is the tell. It suggests real participation, not just a random price pop.
What I like even more is what’s happening on the daily chart on the right. After the initial gap higher, BEAT hasn’t rushed to give back those gains. Instead, price has tightened up and printed an inside day, which tells me sellers aren’t in control here. In fact, this kind of price action often reflects digestion rather than distribution. The stock is taking a breather, not rolling over.
From a tactical standpoint, the level I’m watching is very clear. If BEAT can curl higher and take out the high of the mother candle at 2.82, that could be the trigger that brings in the next wave of momentum. Inside day breakouts following higher-timeframe range breaks are often where some of the cleanest moves begin.
For now, I’m not chasing anything. I’m simply watching how price behaves as it coils near these levels. Strength that holds after a breakout is often a sign of more strength ahead. BEAT has put itself on my radar, and it will be one of my top stocks to watch this week.
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