The trend structure from the March lows is showing a constructive base-building process, finding support at the critical mid-term support zone: 75–63.

As long as price remains inside this zone, the upside trend structure stays stable, with higher target resistance at the 130–160 levels.

A weekly breakout above 81 would be the first constructive sign that a bottom is in and a new uptrend structure is emerging.

Chart (Weekly):

We first outlined our breakout thesis for this name back in November 2025, and the structure has continued to develop in line with that macro-view:

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