breakout turns resistance into support as momentum stays constructive.
ELV is compelling after breaking out and flipping resistance into support, staying constructive while momentum remains above the 21-day EMA.
ELV moved to new three-month highs, then broke above prior resistance around 380, with that level becoming support after the breakout. The bullish checklist is simple: remain above the 21-day EMA and keep momentum constructive; failure there would undermine the accumulation-phase thesis.