$ENTG — Multi-year trendline break + unusual $4.7M call block alEntegris, Inc.BATS:ENTGWavervanir_International_LLCENTEGRIS (ENTG) — Weekly Chart Breakout The setup: After nearly 4 years trapped under a descending trendline from the January 2022 peak ($160), ENTG just broke out with a wide-range weekly candle closing at $158.13, +8.26% on the week. Price is closing at the weekly highs with the candle body completely above the trendline — not a wick, a close. Fibonacci structure (swing from the 2025 low): 0.541 — $108.26 (broken support, now reclaimed) 0.786 — $126.54 (reclaimed) 1.0 — $142.50 (cleared this week) 1.236 — $160.10 (immediate resistance, generational level) 1.618 — $188.32 (primary target) 2.0 — $217.09 (extended target) 2.618 — $263.18 (parabolic target, prior cycle highs) Why this matters: The $160 level is the 2022 all-time high. A weekly close and hold above $160 opens free air to the 1.618 extension at $188.32 — which is the first real overhead supply zone on the chart. Unusual options flow (same day as the breakout): A single $4.7M block traded in the Jun-18 $185 calls at 14:04 ET. Zero other meaningful options flow all session. That $185 strike sits directly at the 1.618 fib extension ($188.32). The options whale chose the exact level the chart is targeting. Catalyst: Entegris reports earnings April 30, pre-market. The Jun-18 expiry gives the position 8 weeks past the print. Sector context: Entegris = semiconductor materials and wafer handling. Second-derivative play on hyperscaler capex. MSFT / AMZN / GOOGL / META all report next week (Apr 29 – May 1), and their capex guides drive semi equipment and materials spending into 2H. Trade levels: Breakout confirmation: weekly close above $160.10 Invalidation: weekly close below $140 (loss of the trendline retest zone) Primary target: $188.32 (1.618 fib + flow strike) Extended target: $217.09 (2.0 fib) Risk/reward from $158: ~$18 risk to $140 stop vs ~$30 to primary target ($188) = 1.65:1. Improves substantially on a pullback entry near $150. Thesis in one line: Four-year descending trendline just broke on a wide-range up week. Unusual $4.7M call block targets the 1.618 extension. Earnings in 4 trading days. Sector tailwind from Mag7 capex guides incoming. Invalidation thesis: A sell-the-news gap below $140 on earnings would negate the structure and mark this as a rejection at generational resistance. Size accordingly. Not financial advice. Published for study and discussion. Trade your own plan. — @WaverVanir #ENTG #Semiconductors #Breakout #OptionsFlow #Fibonacci #SmartMoney