MSFU: Bulls Take the Wheel!On the weekly chart, MSFU has broken out of a long-term descending channel by crossing the trendline, which serves as the first technical confirmation of a phase shift. The price is holding firmly above the 0.618 Fibonacci retracement level at $36.23 and has also broken through a consolidation zone, closing above the 50-week moving average. Rising volume accompanies the impulse, signaling increasing interest from institutional participants. The $39.70 level (0.5 Fibonacci) has been cleared, opening the path toward the next target.
The current upside target lies between $47.12 and $54.44, aligning with the upper projection of the previous channel and a historical supply zone. As long as the price remains above the breakout area and the 50-week EMA, the bullish structure remains intact.
Broader market conditions support this technical setup: improving equity sentiment, capital rotation into growth and tech-focused names, and renewed interest in ETF structures are all reinforcing the move.
The breakout of the descending trendline and channel, coupled with rising volume and a close above key EMAs, signals a structural shift. If this structure holds, the targets of $47.12 and $54.44 stay in focus as medium-term objectives.
