MNRO: The Anatomy of a Classic Turnaround — Double BottomMonro, Inc.BATS:MNROibraheeemzIt’s rare to find a classic technical reversal pattern aligning seamlessly with a fundamental corporate transformation, but Monro, Inc. (MNRO) is giving us a textbook setup on the weekly chart. After a long multi-year downtrend, buyers have officially drawn a line in the sand. 📉 The Story Behind the Chart For years, Monro struggled with rising labor costs and bloated brick-and-mortar operations. However, the company has taken decisive restructuring actions—closing over 145 underperforming stores and rolling out an Operational Improvement Plan aimed at margin expansion and inventory optimization. The initial pain of store closures is now giving way to leaner operations and gross margin expansion. As profitability stabilizes, smart money appears to be quietly stepping in at deeply discounted valuations. 📊 Technical Footprints: Why Bullish Momentum Is Building 🟢 Double Bottom Defense ($11): The stock retested its year old support zone at $11 and held firm, printing a clean, structural Double Bottom. This confirms strong institutional accumulation at lower price levels. 🕯️ Bullish Weekly Engulfing Candle: The most recent weekly bar completely swallowed the previous week’s price action, signaling an aggressive shift in sentiment from seller exhaustion to buyer dominance. 📊 Surging Volume Confirmation: Notice the significant spike in buying volume at the base. Volume precedes price; heavy accumulation at support confirms big players are building positions. 🚀 Clear Path to $17.50 (+55% Target): A sustained rally off this reversal base sets up an initial upside target toward the $17.50 resistance level, representing a potential ~55% move from current levels. 🎯 Key Trade Setup 📥 Entry Zone: Current levels ($12 – $12.5) Watchout Zone: $14-14.5 🎯 Primary Target: $17.50 (Prior structural resistance) 🚀 Secondary Target: $23 (Major macro resistance overhead) 🚨 Invalidation / Stop Loss: Weekly close below $11 (Breaks the Double Bottom thesis). 💡 Is MNRO setting up for a massive multi-quarter trend reversal, or will overhead supply slow the momentum? Drop your thoughts below! 👇