Technical outlook and trade plan After the confirmed break Copart, Inc.BATS:CPRThumorousHunter37388Technical outlook and trade plan After the confirmed break of the long-term rising diagonal on the weekly chart, the stock is undergoing a corrective phase, likely part of a broader Wave 4 structure. A pullback toward previous support is technically healthy after an extended advance. Entry zone: Gradual accumulation between 38–45, preferably after signs of stabilization on the weekly timeframe. Stop loss / Invalidation: A weekly close below the 61.8% Fibonacci retracement (around 35–36) would invalidate the bullish structure and signal a deeper correction. Upside targets: •First resistance and partial profit-taking near 49–50 •Main target in the 54–60 area if the trend resumes This is a structured, risk-defined setup, suitable for patient investors rather than short-term momentum trading.