Technical analysis by EdoardoTelve about Symbol FORM: Buy recommendation (5/13/2025)

Date: May 13, 2025FORM is finally breaking free from its long consolidation. After a textbook accumulation phase, we’re seeing a clean breakout above the $2.75 horizontal resistance, supported by rising volume and a strong RSI push into overbought territory.📊 Technical Snapshot:Breakout Level: $2.75 – now flipped from resistance to support.EMA Alignment: Price is riding the 4EMA (black) with the green MA catching up, signaling strong short-term momentum.Volume Surge: Increased buy volume confirms breakout interest.📈 Entry Ideas:Breakout entry: Current price zone around $2.83.Retest entry: On a pullback to the breakout level ($2.70–$2.75) for confirmation and safer risk management.🧷 Validation:Setup remains valid as long as price holds above the $2.60 area.A close below that would re-enter previous range and weaken bullish structure.🎯 Target Zones:TP1: $3.89 – previous structural resistance and measured move from consolidation.TP2: $4.07 – psychological round number + upper liquidity level.TP3: $5.00 zone – ambitious but realistic if momentum continues and volume expands.📈 RSI Check: Sitting at 73 – bullish strength confirmed, but watch for short-term cooling or retest before next leg.🧠 Final Thoughts: FORM is showing strong structural alignment with volume and momentum support. A healthy pullback could offer the next best opportunity before aiming for higher levels. Momentum traders will want to watch this closely.Good trading!!going very good on re accumulation.