GIFIGulf Island Fabrication, Inc.BATS:GIFIIbrahimTarekTechnical Analysis – Daily Chart Overview 🔷 Pattern Structure: Symmetrical Triangle Breakout The stock has formed a symmetrical triangle pattern, marked by points A-B-C-D, typically signaling a continuation or breakout move. The recent breakout above the triangle's resistance trendline indicates a bullish momentum shift. 🟨 Entry Zone: $7.30 – $7.50 Price is currently in the highlighted entry zone, which aligns closely with the triangle breakout level. This area offers a high-probability entry for traders looking to catch a move early after consolidation. The volume confirmation (not shown but assumed based on pattern behavior) would strengthen this breakout’s reliability. 📉 Stop Loss: $5.70 A logical stop-loss level is placed below the recent swing low and the lower triangle support. $5.70 marks invalidation of the bullish structure, minimizing downside risk if the breakout fails. This also protects against a false breakout or retest failure. 🎯 Target Zone: $9.69 – $9.87 The next significant resistance level lies in the range of $9.69 to $9.87, a strong supply zone from 2018–2019. If momentum continues, price could revisit this zone, offering a potential upside of ~28%–32% from current levels. 🔧 Technical Summary ComponentLevel/ZoneObservation PatternSymmetrical TriangleBreakout confirms bullish bias Entry Zone$7.30 – $7.50Ideal buy zone after breakout Stop Loss$5.70Below pattern low – risk management level Target Zone$9.69 – $9.87Previous major resistance – potential profit area BiasBullishPost-breakout structure with volume confirmation 📌 Conclusion Gulf Island Fabrication (GIFI) is showing strong bullish signs after a textbook triangle breakout, with clean support and resistance levels. The risk-to-reward ratio is favorable, especially with a tight stop and a clearly defined target zone. This setup is suitable for swing traders or position traders looking to capitalize on medium-term momentum. Monitoring volume and price action around the $8.00 level will be key to gauging the strength of the breakout continuation.