AXTI: Massive Breakout Gap — Retest incoming or Support Holding?AXT, Inc.BATS:AXTIibraheeemzCalled the bottom at $38 beforeAXTI ran +158% to $98 https://www.tradingview.com/symbols/NASDAQ-AXTI/minds/?mind=Lh45mWmTTIiCW1bDirKe3A Now, after a healthy pullback back into key support, it’s time for Update #2. AXT, Inc. (AXTI) recently delivered a explosive trend change on the daily timeframe, shattering its multi-month falling wedge / downward trendline with massive institutional volume. The vertical expansion left behind a Gap Zone (around $48 – $55). After running straight up to test key overhead Resistance at $98.00, price has pulled back to test immediate horizontal Support at $71.00. Traders face the classic breakout question: Will $71.00 hold as a launchpad, or do we need a deeper gap fill before the next leg higher? 📊 Technical Confluences & Dual Scenarios ⚡ High-Volume Wedge Breakout: The sheer magnitude of the breakout volume confirmed heavy smart-money accumulation at the bottom. 🟢 Immediate Floor ($71 Support): Price is currently sitting ta a prior resistance turn-support level at $70- 71. Holding above this level keeps the immediate momentum firmly bullish. 📦 Scenario A (Direct Hold & Rebound): If buyers defend $71, AXTI can form a tight consolidation base before mounting a retest of $98.00 Resistance. 🔄 Scenario B (Gap Fill Retest): A daily close below $70 opens the door for a deeper retest toward the top of the Breakout Gap ($48 – $55). Filling or partially filling this gap would reset overbought conditions and offer a high R:R re-entry for swing traders. 🧱 Key Price Levels 🛑 Major Overhead Resistance: $98 🎯 Macro Breakout Target: $143 (Prior macro high / all-time high zone) 🟢 Immediate Support: $70-71 📦 Retest / Gap Fill Zone: $48 – $55 🚨 Invalidation: Daily close below $48 (Fully closes the gap and invalidates the breakout structure). 🌐 Fundamental Tailwinds: The AI Fiber Shift AXTI’s massive breakout isn't happening in a vacuum. The surge is backed by strong underlying fundamentals: 💡 Indium Phosphide (InP) Demand: As AI data centers accelerate their scale-out architectures to 800G and 1.6T data rates, demand for AXTI's InP substrates—critical for high-speed optical transceivers—has exploded. 📊 Earnings Beats & LTAs: Recent quarters have highlighted record revenue growth, solidifying long-term supply agreements with major photonics players like Lumentum. 💬 Are you taking a starter position at the $71 support level, or waiting patiently for a gap-fill entry down near $60? Let’s hear your strategy below! 👇