PRDO Weekly Breakout Structure: RSI Expansion, MACD ConfirmationPerdoceo Education CorporationNASDAQ:PRDOStockandtrendexpert📊 What You’re Looking At This is a weekly chart of PRDO (Perdoceo Education Corp.), and there are three key layers to this setup: 1️⃣ RSI Compression → Breakout Setup (Top Panel) RSI has been consolidating in a defined range. Momentum is now pressing upward toward a breakout. The recent move shows higher lows in RSI, signaling strengthening bullish momentum. Why this matters: When RSI compresses and then expands upward on a weekly timeframe, it often precedes sustained price movement — not just a short-term bounce. 2️⃣ Price Structure: Trend Channel & Higher Lows Price is moving inside a rising channel (red trendlines). We’ve seen a consistent pattern of higher lows and higher highs. The stock is currently consolidating near prior highs. This tells us: The trend is intact. Pullbacks are being bought. The structure supports continuation unless the lower trendline breaks. 3️⃣ MACD Weekly Crossover (Bottom Panel) MACD has crossed bullish and turned positive. Histogram is flipping green after a pullback. Why this matters: On the weekly timeframe, MACD crossovers often mark the start of multi-week or multi-month expansions — not just short squeezes. 🎯 Upside Scenarios There are two measured resistance projections highlighted: 🟢 First Resistance Zone: ~$37.61 ~15% upside from current levels Likely first reaction area 🟢 Second Resistance Zone: ~$47.50 ~44% upside from current levels Major historical resistance These levels align with prior supply zones and structural extensions of the channel. 🧠 Why This Setup Matters This is not a momentum chase — it's a: Trend continuation setup RSI expansion pattern MACD confirmation alignment Weekly timeframe structure When momentum indicators (RSI + MACD) align with a rising price channel on the weekly chart, the probability of continuation increases significantly. ⚠️ What Would Invalidate It? Weekly close below the rising channel support RSI losing 50 and rolling over MACD crossing back bearish Until then, dips into support may continue to be accumulation opportunities. 📌 What to Expect Next If momentum follows through: Grind higher into ~$37.50 area Possible short-term consolidation Attempt toward ~$47.50 if volume expands If volume increases on breakout weeks, the move could accelerate rather than stair-step.