To update this blog post from February, SODA has indeed held its major, multi-year breakout quite well.
As you can see on the weekly chart, below, the stock is threatening another leg higher after basing above the well-defined breakout point for weeks on end. The heavily-shorted stock continues to push its growth, and the low float could easily exacerbate any further short squeeze higher.
Bulls do not want to see the $48 level lost. On the upside, a weekly close above $54 would make the bull case all the more potent.
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