GGG: Double Breakout After Quiet Accumulation – Next Leg Higher?Graco Inc.BATS:GGGibraheeemzPresenting another high-probability chart story. After months of persistent selling pressure, GGG appears to have completed a textbook accumulation phase. Price spent several weeks moving sideways inside a tight range while volume gradually picked up, suggesting that stronger hands may have been accumulating shares rather than distributing them. Now the technical picture is becoming much more interesting. The stock has achieved a double breakout: ✅ Breakout above the local consolidation / accumulation range. ✅ Breakout above the long-term descending trendline that has capped every rally since the February high. Even more encouraging, the breakout came with a noticeable spike in volume, adding conviction that buyers are stepping in. Momentum is also improving. RSI has been printing a bullish divergence, making higher lows while price was still testing the base. That often signals weakening selling pressure before price catches up. What I'm watching next There is EMA200 resistance ahead, and price already showed some weakness towards daily closing. The ideal scenario would be a healthy retest of the breakout zone (or partial gap fill). If buyers defend that area, it could provide a lower-risk entry before the next impulsive move. Potential upside levels: 🎯 82-83 – First resistance 🎯 94 – Previous high and major target If momentum continues building, this could mark the beginning of a larger trend reversal rather than just a short-term bounce. As always, price confirmation comes first. A successful retest / rebound would further strengthen the bullish case. Invalidation: Because the accumulcation zone is narrow, a conservative stop-loss would be a daily close below 73. Ideally, however, price should remain above the accumulation range to keep this bullish thesis intact. What do you think? Is the new bullish leg already started, or will the breakout need one more retest before taking off?