Breakout to watch: ERICTelefonaktiebolaget LM Ericsson Sponsored ADR Class BBATS:ERICshlobbyRounding out this watchlist batch, the weekly chart shows a name that has been building a base beneath a horizontal line for some time, with recent weekly bars pushing up into that line rather than drifting lower. The pattern is one of gradual firming: each test of the line has left price a little more resilient. What matters now is whether a weekly close can hold above it, turning a long period of resistance into a new floor for the next phase.