CPRT: Trendline Confluence + Channel Breakout—125% Rally Ahead?Copart, Inc.BATS:CPRTibraheeemzSometimes the chart tells you exactly where the buyers are waiting. 👀📈 CPRT has just bounced from a major long-term support confluence, where multiple trendline touches support zones came together. And now we have another important development: 🔹 Multiple trendline support confluence 🔹 Strong reaction from the ~$28.50 zone 🔹 Bearish channel breakout 🔹 Breakout accompanied by a strong volume expansion 📊 🔹 Long-term uptrend structure back in focus 🎯 The road ahead The $28.5 area is now my key reference zone. As long as price holds above it, the recovery thesis remains interesting. I'm watching the marked levels along the way: 🟢 $33.9— ~20% 🟢 $41.8 — ~45% 🟢 $50 — ~75% 🔴 $64 — ATH / ~125% The big prize is obviously the previous all-time high around $64.20. But I wouldn't treat the 125% target as a straight-line prediction. 📌 The idea is to let price prove itself level by level. 🧠 The setup This isn't simply “stock fell, therefore buy.” It's: Long-term support → reaction → bearish-channel breakout → volume confirmation → potential trend reversal. That sequence is what makes the setup interesting. 125% may be the destination on the chart — but the trade has to earn its way there. I'll be watching how CPRT behaves at each marked resistance level rather than assuming the entire move happens at once. Bullish setup pending confirmation above the breakout. 📈🔥 Technical setup only — not financial advice.