PIPPIN is building a bottom structure.

The daily chart is still oscillating within a range, but the next breakout high is eager to emerge. More importantly, on the 4-hour chart, a beautiful directional breakout has recently occurred, followed by multiple displacement waves. This rhythm is exactly what we want to see — indicating that the bulls have not relaxed, and momentum is accumulating.

If the upward momentum continues, there is a chance to see higher levels once the internal structure is complete. Overall, it is still worth continuing to observe for subsequent breakout confirmation.