HLIT: Wedge Retest Setting Up the Next Breakout?Harmonic Inc.BATS:HLITibraheeemzHLIT appears to be developing an interesting continuation structure after breaking out from a large multi-year falling wedge. The breakout was accompanied by a significant surge in volume, signaling strong institutional participation and confirming that buyers stepped in aggressively as price pushed through long-term resistance. Following that breakout, the stock has entered a healthy consolidation phase, carving out a smaller wedge pattern. Rather than being a sign of weakness, this can be viewed as a potential retest and digestion of the prior advance before the next directional move. Technical Structure Major falling wedge breakout already completed. High-volume breakout adds credibility to the bullish reversal. Price is now consolidating within a secondary wedge pattern. Current setup resembles a classic breakout → retest → continuation sequence. Key Levels 🟢 Bullish Above: $10.50 (daily closing basis) As long as HLIT continues to close above $10.50, the overall structure remains constructive and favors higher prices. 🎯 First Target: $17.50 The immediate objective is a retest of the prior swing high near $17.50. A breakout from the current wedge could provide the momentum needed to revisit this level. 🚀 Major Breakout Level: $18.50 A decisive break and close above $18.50 would represent a major technical breakout, clearing long-term resistance and potentially triggering the next bullish expansion phase with significantly higher upside potential. Volume Perspective One of the strongest bullish signals on the chart is the high-volume breakout from the larger wedge structure. Elevated volume indicates strong conviction from buyers and suggests that the breakout was not merely a temporary spike but a meaningful shift in market sentiment. Bottom Line HLIT remains in a bullish structure following its high-volume wedge breakout. The current wedge appears to be a consolidation and retest phase rather than a reversal. As long as price holds above $10.50 on a daily closing basis, the path of least resistance remains higher. A breakout from the current wedge could send the stock back toward $17.50, while a decisive move above $18.50 may open the door for an even stronger bullish rally. Not financial advice.