ELM Breakout From a Long Range With Strong VolumeElementis plcLSE_DLY:ELMStockso_SimpleSimple story here, a breakout from a very prolonged trading range, potentially the start of a momentum move. Thursday's push higher closed near the day's high, backed by a strong step up in volume, the kind of move you want to see confirming a breakout. Friday's pullback looks sharper on the chart, but volume came in close to the recent average rather than genuinely thin, so I'd stop short of calling this a clean low supply shakeout. Worth watching whether buyers step back in around the old resistance turned support before reading too much into one red day.