$ESTC - 50 SMA Breakout and Support Check with Bullish HammerElastic NVBATS:ESTCKochva_💡 Swing setup idea Support bounce / Bullish reversal 🔎 Analysis summary: After acting as resistance, the stock finally broke above the 50 SMA. It pushed higher and has now pulled back to successfully test that level as new support. It formed a bullish hammer candle off the 50 SMA, supported by rising, above-average buyers volume. 👀 Levels to watch: Entry trigger: Break above $56.07 - $56.74 Target: $70.67 Stop: Under the breakout level 💬 What do you think of this setup? Let me know in the comments! 👇 Good luck! ⚠️ Note: This is for educational purposes only and is not financial advice.