breaking out of ascending triangle with BULLISH MOMENTUM

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breaking out of ascending triangle with BULLISH MOMENTUMiFabric Corp.TSX_DLY:IFACariboostonks$IFA.TO – Is Smart Money Quietly Accumulating? Been watching the chart closely and the recent price action is getting interesting. Despite multiple high-volume sessions, IFA continues to hold the $5 area remarkably well. Normally, if large volume was purely selling pressure, we'd expect to see a much sharper breakdown. Instead, the stock keeps finding buyers and stabilizing after every wave of selling. A few things stand out: • Volume has expanded significantly versus prior weeks. • Price is no longer making meaningful new lows. • Heavy turnover is being absorbed without a major collapse. • Trading ranges are tightening, which often happens before a larger directional move. This is the type of action that can occur when stronger hands are accumulating shares from impatient retail holders. Institutions rarely announce they're buying—they accumulate over time while keeping price contained. What I find most interesting is that the stock doesn't appear to be reacting negatively to the amount of volume coming through. If there was still a large amount of motivated selling, we'd likely be trading much lower than we are today. The chart isn't screaming breakout yet, but it is starting to suggest that supply may be drying up. If buyers can push through the recent resistance zone with another surge in volume, the entire structure changes and the accumulation thesis becomes much stronger. For now, I'm watching for: ✅ Continued support above $5 ✅ Volume remaining elevated ✅ Higher lows forming ✅ Breakout confirmation above recent highs Not financial advice, but the current setup looks far more like accumulation than panic selling