TREX – Breakout Confirmed | Momentum BuildingTrex Company, Inc.BATS:TREXstreak35Hello Everyone, Followers, TREX is the second one for this week. Trex Company has broken above its previous swing high, putting the stock back on my watchlist. The breakout came after weeks of consolidation and could signal the beginning of a new bullish leg if momentum continues. 📊 Technical Overview The chart shows: • Break above previous resistance • Higher highs and higher lows developing • Strong momentum into the breakout zone • MACD improving alongside price action After consolidation, this type of breakout often attracts momentum traders. 🔹 Key Levels 🎯 Resistance 47.35 → First resistance 50.50 - 51.00 → First Target 🟢 Support 44.50 - 44.70 → Fib 0.618 42.90 → Fib 0.5 41.06 → Breakout support 38.78 → Key demand zone 🔮Outlook The breakout is encouraging, but the next few sessions are important. Ideally, price either: continues directly with strong momentum, or performs a healthy retest before another leg higher. Both scenarios would keep the bullish structure intact. 🎯 What I Expect 🟢 Bullish Scenario Hold above previous breakout level Continue toward → 47.3 🔄 Alternative Scenario Short-term pullback Retest support around 42–43 Buyers step back in before continuation 💡 My Take TREX has transitioned from consolidation into expansion mode. I like breakouts that occur after long periods of sideways movement, especially when the overall structure improves. The next few candles should tell us whether this is the start of a larger trend or simply a short-term spike. Definitely one to keep on the watchlist. If you enjoy and like clean, simple analysis — follow me for more. This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis. Have a green trade week to all #TREX #Breakout #TechnicalAnalysis #StockMarket #TradingView #SwingTrading #MomentumTrading #Investing #ChartAnalysis