LPTH: Broadening Wedge Breakout Attempt — Retest or Direct Fly?LightPath Technologies, Inc. Class ABATS:LPTHibraheeemzLightPath Technologies (LPTH) is making another aggressive push to break out of a Broadening Wedge / Falling Megaphone pattern. Following a strong rebound off the $12.5 support, buyers printed a decisive Bullish Engulfing Candle on heavy volume, signaling that institutional accumulation is stepping back in. The structural question now: Will LPTH offer a clean dip into the retest zone, or continue its vertical rally? 📊 Technical Confluences & Key Levels 📐 Broadening Wedge Breakout: Price action has broken above the upper descending trendline of the wedge. Broadening patterns typically reflect extreme volatility before a explosive directional move once broken. 🕯️ Bullish Engulfing Power: The latest daily candle completely engulfed prior consolidation, showing sharp buying pressure and invalidating short-term bearish momentum. 📦 The Retest / Buying Zone ($13.00 – $13.50): If price pulls back, the upper boundary of the broken wedge aligns perfectly with the $13.00–$13.50 zone, creating a high-probability demand region for swing entries. 🟢 Major Structural Floor ($12.50): The key horizontal green line marks structural demand and serves as the ultimate line in the sand for buyers. 🎯 Key Price Targets 🛑 First Strong Resistance: $15.50 (Prior structural swing high; expects temporary consolidation here). 🎯 Intermediate Target: $16.70 (Mid-range resistance level). 🚀 Macro Target: $18.20 (Major upper resistance target following a full wedge pattern breakout). 🚨 Invalidation Level: A daily close below $12.50 invalidates the wedge breakout setup and signals a return into range-bound consolidation. 🌐 Fundamental Turnaround Catalyst Beyond the technicals, LPTH is undergoing a massive operational shift: 🛡️ Defense & NDAA Demand: The company is divesting non-core foreign assets to become a fully Western-aligned, NDAA-compliant provider of proprietary BlackDiamond™ infrared glass and thermal camera systems (used in counter-drone and defense tech). 📈 Record Backlog: Backlog growth exceeds 190% year-over-year, driven by substantial follow-on optical assembly orders. This provides strong fundamental backing for multi-quarter earnings expansion. 💬 Are you buying the current breakout momentum, or waiting for a pullback into the $13.00–$13.50 retest zone? Share your game plan below! 👇