AXON - BREAKOUT, BACKTEST

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AXON - BREAKOUT, BACKTESTAxon Enterprise IncNASDAQ:AXONyieldzilla888Axon Enterprise pulled back 5.36% to 485.68 today after tagging 515 intraday. But this is a pullback inside a fresh breakout, not a failure — and that's the bull setup. The bigger picture: AXON spent April bleeding from ~540 down to the 337 low, then built a multi-week base around 380–420 through all of May. Late May it ripped out of that base — a clean breakout through the 421 pivot and the 447/477 resistances in just a few sessions. Price is now back above the Ichimoku cloud for the first time since the downtrend began. The trend character has flipped. What keeps the bull case alive: 477.64 (R1) is the first must-hold. Today's pullback is sitting right on it — textbook breakout-retest behavior. Below that, 421.8 (the pivot) and the top of the cloud are the real line in the sand. As long as we hold the cloud, the dip is opportunity. Reclaim 506.56 (R2) and the path opens to 548 then 562, with the 569 zone as the measured target. Why I like it here: A vertical breakout almost always gets retested. Today's red candle shakes out the breakout chasers and lets the trade reset against a clearly defined level. Risk/reward is far better buying the backtest near 477 than chasing 515. Plan: long bias above 477, invalidation on a daily close back inside the cloud. Targets 506, then 548, then 569. Breakouts retest. Patience pays. Not financial advice. Do your own research.