Vip Clothing - Power Breakout

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🟡 WTF Parallel Channel
The stock was respecting a long-term descending parallel channel (yellow lines), and recently took support off the lower boundary.

📉 Higher Low Formed
It created two clear demand zones (marked boxes), confirming higher lows — a classic signal of accumulation and reversal strength.

📊 Supply Zone Broken
Not just any breakout — it smashed through the supply zone with strong bullish candles, showing conviction and volume support.

📐 Trendline Breakout
Today, it broke out of the counter trendline (CT) and the descending resistance (2 dotted lines) — both gone in a single strong move, putting it in a clear breakout zone.

🎯 What's Next?

Penafian

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