Can you rely on RELY?Remitly Global, Inc.BATS:RELYGatorResearchWhy we like RELY Trend has flipped up on the higher timeframe. Price is back above the 50-week and 200-week SMAs and holding above the Ichimoku cloud after a long base. Buyers have control of the weekly again. Momentum confirms. Weekly MACD has crossed above zero and is expanding, and stochastic is rising up through the middle of its range with room before overbought. Not a tired move. The setup: a multi-year downtrend line test. Price is pressing into descending resistance off the 2023 highs, which lines up with the prior high around 24 to 25. That confluence is the line in the sand. A weekly close through it is a multi-year trendline break, and those tend to run. Group tailwind. Digital payments/fintech is curling up as a group, not just one name. IPAY is leading its bucket and several payments names are basing or breaking out at the same time. RELY is one of the stronger charts in that cohort, already above its cloud while others are still under theirs. Trigger and levels. Breakout and hold above 24 to 25 is the entry. Alternatively, buy pullbacks that hold above the cloud (~18 to 19). First target is the 27.5 zone (2023 highs), open above that. Invalidation. Losing the cloud and closing back under ~18 kills the thesis. That is the higher-timeframe uptrend failing. The honest caveat. Right at the line, reward to the first resistance is thin, so the clean trades are the confirmed breakout or the pullback to the cloud, not chasing into the trendline. Strong chart, let it give you the entry.