Dock - trend reversal

On the above weekly chart price action has corrected over 90% since 2021. A number of reasons now exist for a long position, including:

1) Price action and RSI resistance breakouts.

2) Past resistance confirms support.

3) Trend reversal. A new higher high prints.

4) Price action exits a bull flag formation with a projected target of 20 cents.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6%
Timeframe for long: This month
Return: 600%